Market Overview
Home Prices in Fallon, NV
The median home value in Fallon, NV is $396,731 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.8% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fallon are priced3% below average. Fallon is part of the Fallon, NV metro area.
Over the past five years, Fallon home values have risen by approximately23.3%, reflecting strong long-term appreciation in this market.
Price History
Fallon Home Price Trend
2020
$263,758
$264K
—
2021
$321,846
$322K
+22.0%
2022
$378,844
$379K
+17.7%
2023
$354,193
$354K
-6.5%
2024
$371,754
$372K
+5.0%
2025
$385,752
$386K
+3.8%
2026
$396,731
$397K
+2.8%
City Comparison
Fallon vs. National Median
🏠 Fallon
$396,731
National Median
$410,000
At $396,731, homes in Fallon cost 3% 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
$79,346
on $396,731
Monthly P&I
$2,069/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,628/mo
incl. taxes & insurance
Income Needed
$105,120
gross annual (30% rule)
10% Down Option
$39,673
+ PMI applies
Loan Amount (20% dn)
$317,385
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, NV?
The median home value in Fallon is $396,731 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.8% year-over-year.
How much have home prices changed in Fallon?
Over the past year, home values in Fallon have increased by 2.8%. Over five years, prices have risen approximately 23.3%.
How much do I need to earn to buy a home in Fallon?
To comfortably afford the median home price of $396,731 with a 20% down payment ($79,346) at today's rates (6.8%), you'd need a gross annual income of approximately $105,120. 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 $396,731, homes in Fallon are 3% below the national average.
What metro area is Fallon part of?
Fallon is part of the Fallon, NV metropolitan area. Home prices and market conditions can vary across the broader metro region.