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Fallon, NV Home Values and Rents

The typical home value in Fallon is $392,325, 47th highest of 63 cities and towns in Nevada. Median rent is $1,621 a month.

Typical home value
$392,325
47th of 63 in NV
Median rent
$1,621/mo
Zillow observed rent
Price change, 1 year
+2.9%
Sep 2026
Homeownership
50.7%
NV: 60.0%

Typical home value in Fallon

Zillow Home Value Index, all homes, middle tier

Show as a table
PeriodFallon
Sep 2026$392,325
Dec 2025$384,504
Dec 2024$375,479
Dec 2023$359,541
Dec 2022$358,894
Dec 2021$345,830
Dec 2020$282,120
Dec 2019$258,104
Dec 2018$239,872
Dec 2017$207,668
Dec 2016$186,702
Dec 2015$170,479
Dec 2014$152,712
Dec 2013$143,522
Dec 2012$126,538

Over five years, Fallon prices changed +16.7%.

Source: Zillow Research · Last updated 09/01/2026

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Fair Market Rents, FY2027

HUD rent standard for Churchill County, NV

NV rents
Unit sizeMonthly rentvs FY2026
Studio$1,040-3.3%
1 bedroom$1,047-3.3%
2 bedrooms$1,369-3.7%
3 bedrooms$1,896-4.0%
4 bedrooms$2,118-2.7%

Frequently asked questions

What is the typical home value in Fallon, NV?
The typical home value in Fallon is $392,325 (Zillow Home Value Index, Sep 2026). The Nevada median is $435,400.
How much is rent in Fallon?
The median rent in Fallon is $1,621 a month (Zillow Observed Rent Index). HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,369.
Are home prices going up in Fallon?
The typical home value in Fallon changed +2.9% over one year and +16.7% over five years, as of Sep 2026.
How does Fallon compare with the rest of Nevada?
Fallon has the 47th highest median home value of 63 cities and towns with 1,000+ residents in Nevada.