Market Overview
Home Prices in Fallon, MT
The median home value in Fallon, MT is $154,445 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2% compared to a year ago and up 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fallon are priced62% below average.
Over the past five years, Fallon home values have risen by approximately12.6%, reflecting steady appreciation in this market.
Price History
Fallon Home Price Trend
2020
$106,479
$106K
—
2021
$137,127
$137K
+28.8%
2022
$155,098
$155K
+13.1%
2023
$146,946
$147K
-5.3%
2024
$153,253
$153K
+4.3%
2025
$157,652
$158K
+2.9%
2026
$154,445
$154K
-2.0%
City Comparison
Fallon vs. National Median
🏠 Fallon
$154,445
National Median
$410,000
At $154,445, homes in Fallon cost 62% below the national median of $410,000. This makes Fallon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fallon?
20% Down Payment
$30,889
on $154,445
Monthly P&I
$805/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,022/mo
incl. taxes & insurance
Income Needed
$40,880
gross annual (30% rule)
10% Down Option
$15,445
+ PMI applies
Loan Amount (20% dn)
$123,556
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Fallon, MT?
The median home value in Fallon is $154,445 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2% year-over-year.
How much have home prices changed in Fallon?
Over the past year, home values in Fallon have decreased by 2%. Over five years, prices have risen approximately 12.6%.
How much do I need to earn to buy a home in Fallon?
To comfortably afford the median home price of $154,445 with a 20% down payment ($30,889) at today's rates (6.8%), you'd need a gross annual income of approximately $40,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Fallon compare to the national average home price?
The national median home value is approximately $410,000. At $154,445, homes in Fallon are 62% below the national average.