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These days, finding an affordable place to live in the Fallon area can be challenging. Home prices in Fallon are now at a median cost of $327,814, lower than the Nevada average of $441,980.
The average cost of rent is $1,288/mo in Fallon, primarily driven by the current value of real estate in the Fallon area. In Fallon, 31.24% of households rent, and 46.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fallon is $6,929 per month. Households that rent pay about 18.58% of their income on rent here. Fallon’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fallon Naval Air Station, NV: higher priced homes
- Stillwater, NV: less expensive homes
- Hazen, NV: equally priced homes
- Fernley, NV: higher priced homes
- Silver Springs, NV: less expensive homes
- Wabuska, NV: less expensive homes
- Stagecoach, NV: equally priced homes
- Wadsworth, NV: less expensive homes
- Schurz, NV: less expensive homes
- Nixon, NV: less expensive homes
Cities with Similar Populations
- River Falls, WI: higher priced homes
- Aberdeen, MD: less expensive homes
- Lochearn, MD: less expensive homes
- Lucedale, MS: less expensive homes
- Lumberton, TX: less expensive homes
- Lynbrook, NY: higher priced homes
- Lynden, WA: higher priced homes
- Lyndhurst, NJ: higher priced homes
- Lynn Haven, FL: equally priced homes
- Machesney Park, IL: less expensive homes
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