Fallon, NV


Highest Appreciating Fallon Neighborhoods Since 2000

Fallon, NV Real Estate Data

Fallon Housing Market Information

With 8,458 people, 3,452 houses or apartments, and a median cost of homes of $147,289, Fallon real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Fallon, accounting for 57.43% of the city's housing units. Other types of housing that are prevalent in Fallon include duplexes, homes converted to apartments or other small apartment buildings ( 17.48%), large apartment complexes or high rise apartments ( 14.25%), and a few mobile homes or trailers ( 5.99%).

Renters dominate Fallon's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Fallon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fallon built between 2000 and later ( 20.46%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.22%). There's also some housing in Fallon built before 1939 ( 3.92%).

Vacant housing appears to be an issue in Fallon. Fully 12.78% of the housing stock is classified as vacant. Left unchecked, vacant Fallon homes and apartments can be a drag on the real estate market, holding Fallon real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Fallon Home Appreciation Rates

Homes have actually lost value in Fallon over the last then years, as home values have seen a decline of 23.10% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Fallon home appreciation rates at 3.50%, which equates to an annual appreciation rate of 14.75%.

Appreciation rates are so strong in Fallon that despite a nationwide downturn in the housing market, Fallon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fallon appreciation rates continue to be some of the highest in America, at 5.87%, which is higher than appreciation rates in 72.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fallon. Fallon appreciation rates in the latest quarter were at 3.50%, which equates to an annual appreciation rate of 14.75%.

Importantly, this makes Fallon one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Nevada, our data show that Fallon's latest annual appreciation rate is lower than 60% of the other cities and towns in Nevada.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fallon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fallon - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fallon real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,348,000 0.1
$1,011,001 - $1,348,000 0.0
$674,001 - $1,011,000 0.2
$539,001 - $674,000 1.3
$405,001 - $539,000 2.5
$270,001 - $405,000 7.9
$135,001 - $270,000 45.6
$67,001 - $135,000 22.3
$0 - $67,000 20.1

Low for NV
Average for Nation

Value Relative to Nation Value Relative to State
52.1344498448205 68.0

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$1,140 / per month

Homeownership Rate

Owners 34.34
Renters 65.66
Vacant 12.78

Housing Market Details


Age of Homes

2000 or Newer 20.5
1970 - 1999 57.4
1940 - 1969 18.2
1939 or Older 3.9

Types of Homes

Single-Family 57.4
Townhomes 4.9
Small Apt. Buildings 17.5
Apt. Complexes 14.2
Mobile Homes 6.0
Other 0.0

Home Size

No Bedroom 0.58
1 Bedroom 13.26
2 Bedrooms 31.99
3 Bedrooms 44.82
4 Bedrooms 9.04
5 or more bedrooms 0.30

Fallon Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
33.67% 1.72% 3 4
* 10 is highest