The dam structure and environment, is of aesthetic significance to the community as a destination for picnics and recreation.
The place has historic value as the site of the first Wungong pipe- head dam established in 1925, followed by the Wungong Dam in 1979, and, along with the other dams located in the Darling Ranges, has continued to provide Perth with its water supply.
The place is valued by the community for its historic associations, and, thanks to its scenic qualities, as a place for bushwalking, picnics and social recreation.
Wungong Dam is representative of an earth and rockfill embankment dam, which is created from compacted earth and rock to create an impermeable barrier for the retention of water.