Fallon, NV—89406
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fallon, NV
As of Oct '25, the median home price in Fallon, NV is $380,000, with a year-over-year change of 2.7%. This indicates that home prices in Fallon, NV are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $380,000 | 2.7% |
| Single Family | $380,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $253,000 | 1.6% |
3 Bed | $379,000 | 2.2% |
4 Bed | $450,000 | 3.4% |
| 5 Bed | $556,000 | 4.3% |
% of Housing Stock
Rental Trends — Fallon, NV
As of July '25, Rentcast reports the average rent in Fallon, NV is $1,510, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in Fallon, NV is 1-bedrooms: $897, 2-bedrooms: $1,390, 3-bedrooms: $1,890, 4-bedrooms: $2,260. The most common rental property sizes in Fallon, NV are 3-bedroom and 2-bedroom, accounting for 40.7% and 37.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,510 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $865 | $897 |
| 2 Bed Rent | $1,350 | $1,390 |
| 3 Bed Rent | $1,850 | $1,890 |
| 4 Bed Rent | $2,100 | $2,260 |
% of Rental Stock
Property Listings — Fallon, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Fallon, NV is 73. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $397,000 | -5.0% |
Listing Count | 100 | 31.0% |
| Listings as % of Homes | 0.8% | 31.0% |
Days on Market | 73 | -3.0% |
Demographics — Fallon, NV
As of the latest ACS Survey released in 2023, Fallon, NV has a population of 25,500, which has increased by 6.5% over the past 5 years. Fallon, NV is a moderately popular place for families, as children make up 22.6% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,500 | 6.5% |
% Under 18 | 22.6% | -1.3% |
% Seniors | 19.6% | 5.9% |
% WFH | 5.1% | 59.4% |
% w/ College Degree | 18.6% | 6.3% |
As of the latest ACS Survey released in 2023, Fallon, NV is a predominantly white area, with 71.6% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Fallon, NV is hispanic, making up 14.8% of the population. Foreign-born residents account for 4.9% of the population in Fallon, NV, and this percentage has decreased by 38.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.6% | -2.7% |
% Black | 2.5% | 0.0% |
% Hispanic | 14.8% | 8.8% |
% Asian | 2.2% | -21.4% |
% Foreign Born | 4.9% | -38.0% |
Mortgage and Risk — Fallon, NV
According to HUD data as of 2023, there were 450 mortgage originations in Fallon, NV, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Fallon, NV. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 450 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Fallon, NV
Fallon, NV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 104 |
Total Units Section 8 | 104 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 70.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $865 | $990 |
| 2 Bedroom | -$50 | $1,350 | $1,300 |
| 3 Bedroom | -$30 | $1,850 | $1,820 |
| 4 Bedroom | $10 | $2,100 | $2,110 |
Affordability — Fallon, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $380,000 |
| Median Household Income | $73,300 |