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City · 9,463 residents · Churchill County, Nevada

Fallon , Nevada

In Fallon, a typical home is worth $282,700 and typical rent is $1,230 a month. Compared with all of Churchill County, the typical home value is 14% lower, typical household income is 7% lower, and the share of households that own their home is 19 points lower.

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  • Typical home value

    $282,700

    14% below the county

    35% below Nevada

    • Fallon
    • Churchill
    • Nevada

  • Typical rent

    $1,230a month

    7% below the county

    23% below Nevada

    • Fallon
    • Churchill
    • Nevada

  • Typical household income

    $73,389a year

    7% below the county

    6% below Nevada

    • Fallon
    • Churchill
    • Nevada

  • Households that own their home

    51%

    19 points below the county

    9 points below Nevada

    • Fallon
    • Churchill
    • Nevada

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$392,325
2.9% more than 12 months ago
Typical rent
$1,621 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Fallon is in Churchill County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Churchill County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Fallon apart

What this place has that others do not, from public data, most unusual first.

  1. Fallon has the 2nd lowest typical home value of the 32 cities in Nevada with more than 5,000 people ($282,700).

  2. 51% of households in Fallon own their home, against 70% in Churchill County.

  3. According to Zillow, in the 12 months to September 2026 the typical home value in Fallon rose 2.9%; in Nevada, it fell 1.6%.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Fallon

What homes there are in Fallon, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Fallon, 6 in 10 homes are single-family detached houses; in Churchill County, 7.

Year built

Homes in Fallon are older: the typical year built is 1985; in Churchill County, 1990.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

At least 97% of owner-occupied homes in Fallon are worth less than $500,000, below the FHA loan limit for Churchill County ($541,287).

Monthly rent with utilities

With a mortgage

$1,512 a month

Churchill County: $1,790 a month

Without a mortgage

$536 a month

Churchill County: $468 a month

Owners with a mortgage

47%

Churchill County: 54%

The typical cost for an owner with a mortgage in Fallon is $1,512 a month, less than in Churchill County ($1,790); without one, $536.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Fallon rose 68%; in Churchill County, it rose 72%.

Rents in Fallon rose more slowly than in Churchill County: 39% since 2015–2019, against 61%.

While home values in Fallon changed +68% and rent +39%, the typical household income rose 64%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureFallonChurchill CountyNevadaUnited States
Rental vacancy Unreliable estimateUnreliable estimate6.8%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimate3.0%4.4%3.4%
People per household 2.422.662.622.53
Drive alone 72%76%71%69%
Carpool 12%10%11%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike Unreliable estimate5%2%3%
Work from home Unreliable estimate6%12%15%
Other means Unreliable estimateUnreliable estimate2%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.42 on average, against 2.66 in Churchill County.

The car rules in Fallon: 72% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Fallon?

A typical home costs more than the typical income allows

We start with a typical home in Fallon, worth $282,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Fallon, which is $73,389 a year. For that payment to be 28% of income, a household would need to earn about $97,155 a year.

The calculator's FHA and conventional loan limits are those of all of Churchill County.

Your numbers

Local data
$

Starts at the typical home value in Fallon. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $9,895 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,267

at 7.18% · 30 years

Loan amount
$277,579
Total interest
$399,371
Paid off in
November 2056

Includes $4,774 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,712 a month

  • Tight

    $1,712 to $2,202 a month

  • Hard

    more than $2,202 a month

    Your payment · 37%

Compared with the typical household income in Fallon ($73,389 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,267
Principal & interest$1,880
Property tax$144
Home insurance$118
FHA mortgage insurance (MIP)$125

You need at least $9,895 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Fallon and Churchill County

Fallon is in Churchill County, Nevada. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Fallon's own numbers

Typical home value
$282,700
Typical monthly rent
$1,230
Typical yearly household income
$73,389
Households that own their home
51%
Effective property tax rate
0.61%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Churchill County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,369
Price change over 5 years (FHFA)
+47%
Homes in a high flood-risk zone
5.4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Churchill County.

Everything about Churchill County

Buying

Buying a home in Fallon

A typical home in Fallon is worth $282,700: 14% below the county and 35% below Nevada. With the typical household income in Fallon ($73,389 a year), a typical home costs 3.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Fallon 3.9 years
  • Churchill 4.2 years
  • Nevada 5.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Churchill County

According to FHFA’s house price index, home prices in Churchill County rose 124% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Churchill County.

Period County Nevada U.S.
Last year (2025) +2.8% +2.2% +2.9%
5 years (2020–2025) +47% +49% +47%
10 years (2015–2025) +124% +121% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Fallon next to Churchill County, Nevada and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Fallon $282,700
  • Churchill $329,900
  • Nevada $435,400
  • United States $332,700
Typical monthly rent
  • Fallon $1,230
  • Churchill $1,319
  • Nevada $1,597
  • United States $1,413
Typical yearly household income
  • Fallon $73,389
  • Churchill $79,163
  • Nevada $78,260
  • United States $80,734
See the full table
Fallon next to Churchill County and Nevada
Measure Fallon Churchill County Nevada U.S.
Typical home value $282,700 $329,900 $435,400 $332,700
Typical monthly rent $1,230 $1,319 $1,597 $1,413
Typical yearly household income $73,389 $79,163 $78,260 $80,734
Households that own their home 51% 70% 60% 65%
Typical yearly property tax $1,719 $1,758 $2,027 $3,119
Effective property tax rate 0.61% 0.53% 0.47% 0.94%
Renters with high rent for their income 43% 43% 56% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Churchill County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Fallon

For a typical $282,700 home in Fallon, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Fallon's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,267a month

    Least cash to close
    Down payment
    $9,895
    Cash to close
    $18,376
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $125

  • Conventional, 5% down $2,215a month

    Down payment
    $14,135
    Cash to close
    $22,616
    Rate
    7.18%
    Mortgage insurance
    PMI · $134

  • Conventional, 20% down, no PMI $1,794a month

    Down payment
    $56,540
    Cash to close
    $65,021
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,055a month

    Down payment
    $42,405
    Cash to close
    $50,886
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Fallon and for Churchill County.

Property tax

Effective rate in Fallon

0.61%of the home’s value each year

$1,719 a year for the typical owner in Fallon.

  • Fallon 0.61%
  • Churchill 0.53%
  • Nevada 0.47%

What Nevada publishes 3 percent cap on the yearly tax increase for your primary residence (Nevada Legislature (Nevada Revised Statutes))

Exemptions and deadlines in Nevada

Flood risk in Churchill County

FEMA does not publish these numbers by city: they are for all of Churchill County.

Homes in the high-risk zone
5.4%
655
Of those, with NFIP insurance
24%
County Nevada U.S.
Homes in the high-risk zone 5.4% 2% 3.5%
Of those, with NFIP insurance 24% 30% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Fallon

Typical rent in Fallon is $1,230 a month: 7% below the county. In Fallon, 43% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Churchill County, by unit size. To pay the 2-bedroom one ($1,369 a month) without spending more than 30% of your income, you would need to earn $26.33 an hour working full time.

HUD fair market rent for all of Churchill County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,040 $20.00 $41,600
1 bedroom $1,047 $20.13 $41,880
2 bedrooms $1,369 $26.33 $54,760
3 bedrooms $1,896 $36.46 $75,840
4 bedrooms $2,118 $40.73 $84,720

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Fallon

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Fallon is in ZIP code 89406.

For 2 bedrooms it is $1,370: $1 more than the fair market rent for Churchill County ($1,369).

  • 89406 $1,370$1,900

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Fallon when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Fallon

HUD lists 5 buildings with rents for lower incomes in Fallon. These are the largest.

  • Indigo Village Apartments 1755 Auction Rd, Fallon 89406 48 low-income homes · 1 bd: 12 · 2 bd: 36 · In service since 2014
  • Churchill Village Apts 650 N Maine St, Fallon 89406 100 homes, 40 low-income · For families (775) 423-7228
  • Arborwood II Apartments 451 N Broadway St, Fallon 89406 36 low-income homes · 1 bd: 8 · 2 bd: 24 · 3 bd: 4 · In service since 1993 · For families
  • Arborwood I Apartments 100 Serpa Pl, Fallon 89406 36 homes, 35 low-income · 1 bd: 12 · 2 bd: 22 · 3 bd: 2 · In service since 1991 · For families
  • Arborwood III Apartments 160 Serpa Pl, Fallon 89406 24 low-income homes · 1 bd: 24 · In service since 1992 · For older adults

See all 5 buildings in Churchill County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Fallon

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Churchill County. The nearest ones are below; many serve by phone or online.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Fallon

No down payment, repair or rent-help program on our list is for Fallon or Churchill County. The ones below are statewide in Nevada: they work in Fallon the same as in the rest of the state.

Which programs do I qualify for? All programs in Nevada

  • Home Is Possible

    Statewide in Nevada

    Nevada Housing Division program: up to 5% of the loan for the down payment or closing costs, with no first-time buyer requirement. Offered by Nevada Housing Division.

    Type not stated

    See the program Official page

  • Home Is Possible For First-Time Homebuyers

    Statewide in Nevada

    Nevada Housing Division program for first-time buyers: a 30-year mortgage with interest-free help for the down payment and closing costs of up to 4% of the loan, which is not forgiven. Offered by Nevada Housing Division.

    Type not stated

    See the program Official page

  • Home Is Possible For Teachers

    Statewide in Nevada

    $7,500 from the Nevada Housing Division for public school teachers, for the down payment and closing costs; forgiven after five years if you still live in the home. Offered by Nevada Housing Division.

    Forgivable

    See the program Official page

Housing counselors near Fallon

The HUD-approved agencies closest to the center of Fallon, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Services of Nevada (CSNV)

    500 N Rainbow Blvd, Las Vegas · 298 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 10 more
    (702) 307-1710

  • Nevada Partners, Inc.

    690 W Lake Mead Blvd, North Las Vegas · 301 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (702) 844-8000

  • NSC (naca Counseling Subsidiary) - Las Vegas, NV

    3030 S Jones Blvd Ste 103, Las Vegas · 301 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (702) 362-6199

All counseling agencies in Nevada

Help in Spanish near Fallon

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Fallon

HUD lists no housing authority with an office in Churchill County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Nevada Source: HUD

Cities

Nearby cities

The cities closest to Fallon, with the typical home value.

Everything about Churchill County Housing in Nevada

Neighboring counties

If Churchill County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Fallon.

All guides
Three women of one family lean in together to stir the pan.

Questions

Housing questions about Fallon

Short answers with the numbers for Fallon and all of Churchill County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Fallon?

The typical home value in Fallon is $282,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Churchill County it is $329,900.

How much does it cost to rent in Fallon?

Typical rent in Fallon is $1,230 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Churchill County is $1,369.

What is the FHA loan limit in Fallon?

Fallon uses the FHA limit for all of Churchill County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Fallon?

The typical homeowner in Fallon pays $1,719 a year, according to the U.S. Census Bureau. That is 0.61% of the home’s value; in Churchill County, the rate is 0.53%.

Where can I find free help to buy or rent in Fallon?

We found no HUD-approved counseling agencies with an office in Churchill County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).