The story of this market
The typical home in Fallon, Nevada sells for about $372,777, or $256 per square foot.
Prices are up +7.1% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,395 a month.
Monthly price momentum
Home values since 2015
-0.3%
NV · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Fallon, Nevada
The Fallon housing market remains moderately paced with prices showing steady year-over-year growth, supported by consistent demand from military personnel and local residents. While sales volume has fluctuated, the market maintains a competitive edge in the $300K–$425K price range. Data gaps exist for specific tax and utility metrics at the city level.
No ARED county foreclosure postings attributed to Fallon yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 0.9% year over year.
Homes spend a median of 57 days on market with 9.3 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 99.97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 12.5% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
The primary economic anchor of the city, hosting the Naval Aviation Warfighting Development Center and driving significant local housing demand.
A major regional destination for boating, fishing, and camping located near the city, serving as a key amenity for residents.
Fallon is well-suited for military families stationed at NAS Fallon, first-time homebuyers seeking affordability compared to the Reno-Sparks metro, and those who prefer a smaller, agricultural-focused community.
The city is served by the Churchill County School District, which provides public education for the area's K-12 students.
Fallon is primarily served by U.S. Route 50 and U.S. Route 95, which act as the main corridors for regional transit and commuting.
Fallon offers access to outdoor recreation including the Lahontan Reservoir for water sports, various local parks, and proximity to high-desert trails and wildlife refuges.
The rental market is characterized by steady demand driven by military personnel and local workers, with median rents currently around $1,395 per month.
The economy is dominated by the military presence at NAS Fallon and the surrounding agricultural industry, providing a stable but specialized employment base.
The local economy is heavily anchored by the Naval Air Station Fallon, which serves as a primary driver for employment and housing demand in the region.
Parcels in Fallon are subject to Churchill County property tax assessments and are served by the Churchill County School District.
Fallon is located in a high-desert environment with risks typical of the Great Basin, including potential for localized flooding and wildfire exposure in surrounding rural areas.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Nevada) — Disabled Veterans Property Tax Exemption: Provides a partial exemption from property taxes based on the veteran's disability rating, which is applied to the assessed value of the property. State (Nevada) — Nevada Property Tax Assessment and Levy: Property tax is calculated using the formula: (Taxable Value * 0.35) * Tax Rate = Total Property Tax. Taxable value is determined by county assessors, and the assessment ratio is fixed at 35% of taxable value.
Data retrieved from Census Reporter and Point2Homes.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.