Fallon, Montana.
Typical home $138,084 (+2.3% in a year).
to buy the typical home at today's mortgage rate — +$396 (+120%) since Jan 2020.
- 1 year
- Up $3,168 +2%
- $134,916$138,084 since Sep 2025
- 5 years
- Up $12,054 +10%
- $126,030$138,084 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Fallon$725
- Montana$2,453
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 38 years.
Typical home values in Fallon, MT rose 2.3% over the past year — faster than the nation's +1.2%.
Living in Fallon, Prairie County, Montana
Fallon, in Prairie County, had 122 people in the 2020 census. Unemployment in Prairie County was 2.3% in August 2026, and the county had 0.8% fewer jobs in 2025 than the year before.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Fallon is a very small community on the eastern plains of Montana, in Prairie County, home to only a few score households. Few adults here hold a four-year degree, and the typical home is modestly priced. Winters are cold, with January the coldest month and a fair amount of snow, while July brings hot days, and the year as a whole is fairly dry.
Work. Across Prairie County, work is concentrated in public services, with Prairie Community Hospital and Terry K-12 Schools among the largest workplaces. Unemployment has crept up a little over the past year, and the county has fewer jobs than it did a year earlier. Household incomes in the county are modest.
Things to do. Terry Badlands WSA, a protected area of eroded badlands, is a short drive away. Farther afield, Makoshika State Park is a longer drive, and the Glendive Dinosaur and Fossil Museum and the Makoshika Dinosaur Museum are also a longer drive away, which makes for a good day out for anyone curious about the region's fossils.
Report a mistake
- 5%of adults have a degree
Weather through the year
Coldest in January, with highs near 28° and lows near 6°; warmest in July, with highs near 88° and lows near 58°. About 12 inches of snow and 13 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Terry weather station, 9 miles away (NOAA).
Largest workplaces in Prairie County
- Prairie Community HospitalCritical access hospital34FTE
- Terry K-12 SchoolsSchool district31FTE
Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesVery high
- Winter weatherRelatively high
- Strong windRelatively high
- WildfireRelatively moderate
- HailRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Fallon’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Prairie County.
Fallon home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Fallon$138,084
- Montana$467,275
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Zip codes with a Fallon address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Fallon — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.