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Fallon

Learn about the people, housing, costs and businesses in Fallon, Nevada

Median Home$243,075
Median Rent$1,260/month
Population9,160
Leading IndustriesManufacturing · Wholesale Trade · Finance & Insurance2% manufacturing
Home Value Growth+8.3% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners52% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Fallon
NV

Frequently Asked Questions

What are today's mortgage rates in Fallon?

As of today, the 30-year fixed mortgage rate for Fallon is approximately 6.966% (7.005% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Fallon?

The median home value in Fallon is $243k. The median monthly rent is $1,260. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fallon?

Home values in Fallon have increased 8.3% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Fallon?

Based on a typical all-in ownership cost of $1,095/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fallon is $68k/year.

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What industries drive the economy in Fallon?

The largest employment sectors in Fallon are public administration (19%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.