Fallon, Nevada.
Typical home $392,325 (+2.9% in a year), asking rent $1,621 . Fallon, NV metro.
to buy the typical home at today's mortgage rate — +$1,111 (+117%) since Jan 2020.
- 1 year
- Up $10,903 +3%
- $381,422$392,325 since Sep 2025
- 5 years
- Up $56,188 +17%
- $336,136$392,325 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$2,059
- Nevada$2,313
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 22 years.
Typical home values in Fallon, NV rose 2.9% over the past year — faster than the nation's +1.2%.
Living in Fallon, Churchill County, Nevada
Fallon is a city of 9,327 people in Churchill County. Half its households earn more than $73,389 a year and half less, against $79,163 across Churchill County; 12% of its people live below the poverty line. 51% of its homes are lived in by their owners and 49% are rented. Unemployment in Churchill County was 3.9% in August 2026, and the county had 2.4% more jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
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 It can be wrong or out of date.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 small city in Churchill County, Nevada, with a population that makes it a place where people tend to know one another. Incomes here run below the county's, and about as many homes are rented as are lived in by their owners. Winters are cold and summers are hot, with only a little snow and rain through the year.
Work. Many residents work in schools, hospitals and social care, with manufacturing, restaurants and hotels, and retail also employing a good share. Among the largest workplaces in Fallon are Churchill Schools, Walmart and Churchill County. Commutes are fairly short, and few people work from home.
Things to do. The Salmon Creek Railroad is a museum in or beside town. Soda Lakes is a lake a short drive away, and Lake Lahontan is another lake a longer drive away.
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- 3,815households
- 17%of adults have a degree
- 12%below the poverty line
- 25 mintypical commute
- 6%work from home
What residents work in
Employed residents by industry, from the Census survey. Churchill County had 9,051 jobs in 2025, 2.4% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 45° and lows near 19°; warmest in July, with highs near 94° and lows near 55°. About 4 inches of snow and 5 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Fallon Experiment Station weather station, a mile away (NOAA).
Largest workplaces in Fallon
- Churchill SchoolsSchool district348FTE
- WalmartWarehouse clubs and supercenters338
- Churchill CountyCounty supervisors' and executives' offices298
- Banner Churchill Community HospitalCritical access hospital238FTE
- SafewaySupermarkets and other grocery stores94
- Dairy Farmers of America56
- KennametalNonferrous metal smelting and refining52
- AmazonCouriers and express delivery services38
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 7 workplaces with 20 or more staff, 1,123 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); 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
- EarthquakesRelatively high
- Winter weatherRelatively high
- Inland floodingRelatively 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 high. 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 Churchill County and the Fallon, NV metro.
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$392,325
- Nevada$440,739
- United States$366,157
Sellers are cutting prices on about 1 in 4 Fallon listings, and the typical home goes pending in 14 days — the market is heating up.
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.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Fallon24.46%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Fallon14
- United States21
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Fallon78
New listings per month
Sellers arriving at the market.
- Fallon26
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Fallon$386,378
- United States$371,553
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Fallon99.47%
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.