Known as the "Oasis of Nevada," Fallon is situated in Churchill County, about 60 miles east of Reno. It has a relatively affordable housing market, and when combined with nearby outdoor recreation and urban amenities, Fallon is a city that investors should capitalize on for potential growth.
Naval Air Station (NAS) Fallon is the largest employer in the area. It is home to the Navy's premier air-to-air and air-to-ground training facility and plays a huge role in the local economy, providing jobs to both military personnel and civilians. This creates a steady demand for housing, making rental properties and homes for sale highly desirable for military families. Churchill County School District, Banner Churchill Community Hospital, and the Fallon Paiute-Shoshone Tribe also contribute to the area's economic stability.
Fallon has several neighborhoods that cater to different preferences and budgets, which makes it easy for investors to find properties that match their goals. Upscale and modern homes are available in the Rafter 3C area. Areas closer to downtown Fallon provide more affordable options, often appealing to first-time homebuyers or those who are looking to downsize. The availability of both established neighborhoods and new developments provides investors with diverse opportunities.
Popular Streets in Fallon, Nevada
Alcorn Rd12742$470,0562,658 Sq.Ft.5/29/2025Great Basin Ln11432$937,8861,584 Sq.Ft.6/6/2025Maine St14764$317,5146,115 Sq.Ft.3/6/2025Reno Hwy20042$409,6156,454 Sq.Ft.6/2/2025Rice Rd16242$448,4352,492 Sq.Ft.5/15/2025Soda Lake Rd12982$409,5223,015 Sq.Ft.1/16/2025Stillwater Ave28642$258,5392,048 Sq.Ft.11/21/2024Stillwater Rd11752$364,0932,341 Sq.Ft.6/4/2025Taylor St14842$351,2503,426 Sq.Ft.4/22/2025Williams Ave13332$356,2789,643 Sq.Ft.5/28/2025All Streets in Fallon, Nevada
Jack Rabbit Rd2N/AN/AN/AN/AN/AJacobs Rd1232$305,6671,667 Sq.Ft.2/2/2023James Ln1232$332,1671,458 Sq.Ft.5/16/2024Jane Ct632$411,8331,879 Sq.Ft.9/6/2024Jarbidge Ct832$402,8751,564 Sq.Ft.9/18/2024Jasper Rd632$438,0003,146 Sq.Ft.7/5/2023Jewell Dr5102$338,0001,881 Sq.Ft.7/27/2022Joel Way19132$315,2111,675 Sq.Ft.5/3/2024Jonathan Cir332$597,3333,811 Sq.Ft.8/12/2022Jonathon Cir232$525,5002,709 Sq.Ft.1/12/2017Jordans Way344$617,0003,395 Sq.Ft.4/15/2021Joyce Ct1332$318,3331,290 Sq.Ft.6/13/2024Juanita Ct3N/AN/AN/AN/A4/16/2025Julie Ln1542$485,0672,543 Sq.Ft.8/6/2024June Dr632$308,1671,815 Sq.Ft.5/8/2024Jungle Dr1232$375,4171,628 Sq.Ft.12/7/2022Kadee Ct432$384,7501,743 Sq.Ft.5/28/2021Kaiser St2243$338,8572,620 Sq.Ft.10/14/2024Kamibo Dr1232$369,7502,590 Sq.Ft.4/18/2022Karen Ct1242$650,1671,839 Sq.Ft.11/1/2024Karry Way1732$423,6471,427 Sq.Ft.12/17/2024Kathy St1532$343,2671,377 Sq.Ft.1/27/2022Keddie St3385$388,1112,760 Sq.Ft.4/18/2025Ken Ln532$458,0001,887 Sq.Ft.11/3/2022Kennedy Ln432$278,2501,951 Sq.Ft.4/12/2022Kent Subdivision13N/AN/AN/AN/AN/AKeppel St3832$373,0001,600 Sq.Ft.4/17/2025Keyes Way1862$447,5883,020 Sq.Ft.4/5/2024King Dr4121$358,6673,173 Sq.Ft.6/11/2021Kinsli St1032$442,1001,683 Sq.Ft.7/7/2022Kirn Rd1042$520,1253,114 Sq.Ft.12/16/2016Kyle Ln2N/AN/AN/AN/AN/ALa Belle St1332$318,3081,248 Sq.Ft.12/9/2024Ladera Dr3442$403,5001,571 Sq.Ft.5/14/2025Lahontan Dam Rd5886$250,3191,377 Sq.Ft.6/2/2025Lahontan East Of378N/A$304,857198 Sq.Ft.11/18/2024Lahontan West Of2N/AN/AN/AN/A6/18/2024Laiolo St2132$302,5711,268 Sq.Ft.3/29/2023Lakeview Dr19168$325,7891,925 Sq.Ft.4/14/2025Lammel Pl432$431,2501,805 Sq.Ft.3/22/2021Lariat Way972$476,8892,904 Sq.Ft.3/14/2025Lattin Rd6032$376,3221,725 Sq.Ft.6/6/2025Laverne St2842$296,8571,646 Sq.Ft.8/13/2024Lawrence Ln732$502,5005,015 Sq.Ft.1/11/2021Lazy Heart Ln2133$641,4713,763 Sq.Ft.7/5/2023Lee Ave1321$306,8461,250 Sq.Ft.5/15/2024Lenore Dr1532$516,0833,110 Sq.Ft.11/7/2016Leslie Ct1097$678,6002,528 Sq.Ft.12/8/2020Leter Ranch Rd121$514,0001,668 Sq.Ft.11/10/2005Leter Rd431$381,6672,995 Sq.Ft.3/25/2024Lewis Ln3132$515,7742,350 Sq.Ft.5/1/2024Liberty Ave1932$309,3161,271 Sq.Ft.11/4/2022Lima Ln1832$616,0003,507 Sq.Ft.12/5/2023Lincoln St1732$314,9381,463 Sq.Ft.1/11/2024Linda St431$297,2501,066 Sq.Ft.2/9/2023Little John Way2N/AN/A$297,0004,320 Sq.Ft.5/7/2008Ln3N/AN/AN/AN/AN/ALondon Cir5102$443,6002,730 Sq.Ft.7/27/2018Lone Tree Rd5052$437,7783,097 Sq.Ft.4/30/2024Longhorn Dr644$912,8334,814 Sq.Ft.5/27/2025Lovelock Hwy4332$430,9337,198 Sq.Ft.1/17/2025Lucas Rd2962$420,4442,993 Sq.Ft.4/19/2025Lynnie Ln432$345,2501,647 Sq.Ft.9/21/2017Lyons Ln3N/AN/A$253,000N/AN/AMacari Ln1872$325,0831,793 Sq.Ft.3/27/2025Macpherson Ln9147$300,3331,914 Sq.Ft.3/5/2025Magnolia Rd1043$575,1002,492 Sq.Ft.1/12/2022Mahogany Dr532$471,6001,746 Sq.Ft.6/15/2023Maine St14764$317,5146,115 Sq.Ft.3/6/2025Mallard Way1131$287,6361,422 Sq.Ft.2/13/2024Manchester Cir3432$515,0002,680 Sq.Ft.11/25/2024Maple Way2032$450,6001,812 Sq.Ft.7/28/2022Margoree Ln2273$397,6192,503 Sq.Ft.12/27/2024Mark Ave1752$362,8822,052 Sq.Ft.4/5/2024Marshall Dr22202$321,6002,047 Sq.Ft.6/17/2024Martin Ln7122$348,8571,876 Sq.Ft.3/19/2024Mary St1732$334,4711,416 Sq.Ft.10/24/2023Mckay Ct1231$294,0001,183 Sq.Ft.12/29/2023Mc Lean Rd5N/AN/AN/A384 Sq.Ft.N/AMclean Rd5532$453,5922,730 Sq.Ft.5/20/2025Mc Lean St1N/AN/AN/AN/A4/6/2007Mclean St3632$253,5831,271 Sq.Ft.10/29/2024Meadow Glen Dr1932$378,6321,655 Sq.Ft.4/5/2025Meadowlark Dr2542$491,0002,245 Sq.Ft.4/30/2025Meadow View Ln532$443,8002,939 Sq.Ft.9/21/2020Medallion Ln532$478,4002,088 Sq.Ft.10/8/2021Megan Way1632$586,6252,135 Sq.Ft.12/13/2024Melanie Dr1992$304,3681,813 Sq.Ft.7/3/2024Merton Dr131$297,0001,200 Sq.Ft.11/20/2013Mesquite Ln1072$272,6671,619 Sq.Ft.12/14/2023Michael Dr2532$349,2801,485 Sq.Ft.10/13/2023Michelle Dr1282$343,0002,278 Sq.Ft.9/17/2024Middlegate4N/AN/AN/AN/A6/1/2021Milano Ct732$384,2861,372 Sq.Ft.11/20/2024Milano Way1332$415,4621,685 Sq.Ft.3/16/2025Milburn Ln1672$327,8002,806 Sq.Ft.3/11/2019Milky Way133$1,531,0006,328 Sq.Ft.N/AMiners Rd1232$508,7502,887 Sq.Ft.11/18/2022Minnie Way1N/AN/AN/AN/A4/22/2022Mission Rd22106$406,1182,229 Sq.Ft.11/13/20243300 Rice RdFallon, NV 89406
Estimated Value $309,000
Living Area 1,368 SqFt
Beds 3
Baths 2
Year Built 1979
Property Type Manufactured Homes
Ownership Type Multiple
APN 008-241-20
Subdivision M&B
School District Churchill County School District
761 W A StFallon, NV 89406
Estimated Value $340,000
Living Area 1,442 SqFt
Beds 3
Baths 2
Year Built 1970
Property Type Single Family
Ownership Type Individual
APN 001-171-07
Subdivision Holiday Park #1
School District Churchill County School District
860 Sunset DrFallon, NV 89406
Estimated Value $208,000
Living Area 1,008 SqFt
Beds 2
Baths 1
Year Built 1978
Property Type Single Family
Ownership Type Related
APN 001-345-07
Subdivision Childers Estates #3b
School District Churchill County School District
1777 Rice RdFallon, NV 89406
Estimated Value $556,000
Living Area 1,910 SqFt
Beds 3
Baths 2.5
Year Built 1994
Property Type Single Family
Ownership Type Trust
APN 008-293-13
Municipality 2 0
School District Churchill County School District
571 Amanda LnFallon, NV 89406
Estimated Value $314,000
Living Area 1,466 SqFt
Beds 3
Baths 2
Year Built 1988
Property Type Single Family
Ownership Type Corporate
APN 001-032-16
Subdivision Fields Landing #2
School District Churchill County School District
4473 Pelican DrFallon, NV 89406
Estimated Value $509,000
Living Area 2,292 SqFt
Beds 3
Baths 2
Year Built 2004
Property Type Single Family
Ownership Type Related
APN 008-283-04
Municipality 2 0
School District Churchill County School District
839 Kinsli StFallon, NV 89406
Estimated Value $397,000
Living Area 1,601 SqFt
Beds 3
Baths 2
Year Built 2022
Property Type Single Family
Ownership Type Related
APN 001-795-42
Subdivision Meadow Valley #13
School District Churchill County School District
2120 Christie CirFallon, NV 89406
Estimated Value $421,000
Living Area 1,556 SqFt
Beds 3
Baths 2
Year Built 1993
Property Type Single Family
Ownership Type Related
APN 008-831-56
Subdivision P266455
School District Churchill County School District
1557 Tamara LnFallon, NV 89406
Estimated Value $425,000
Living Area 2,180 SqFt
Beds 4
Baths 3
Year Built 1978
Property Type Single Family
Ownership Type Related
APN 010-552-10
Subdivision Ponte Estates #2
School District Churchill County School District
1011 Mclean RdFallon, NV 89406
Estimated Value $776,000
Living Area 2,233 SqFt
Beds 3
Baths 2
Year Built 2005
Property Type Single Family
Ownership Type Trust
APN 008-693-01
Subdivision M&B
School District Churchill County School District
2633 Elizabeth PkwyFallon, NV 89406
Estimated Value $377,000
Living Area 1,894 SqFt
Beds 3
Baths 2
Year Built 2006
Property Type Single Family
Ownership Type Related
APN 010-592-14
Subdivision Sand Creek #1
School District Churchill County School District
4465 Candee LnFallon, NV 89406
Estimated Value $401,000
Living Area 4,462 SqFt
Beds 29
Baths 2
Year Built 1996
Property Type Manufactured Homes
Ownership Type Related
APN 006-311-27
Subdivision M&B
School District Churchill County School District
2672 Rice RdFallon, NV 89406
Estimated Value $491,000
Living Area 2,124 SqFt
Beds 3
Baths 2
Year Built 1987
Property Type Single Family
Ownership Type Related
APN 010-471-18
Subdivision Rice Rd Ranchettes
School District Churchill County School District
5500 VinewoodFallon, NV 89406
Estimated Value $622,000
Living Area 2,300 SqFt
Beds 3
Baths 3
Year Built 1999
Property Type Single Family
Ownership Type Related
APN 008-655-02
Subdivision M&B
School District Churchill County School District
4233 Santa Fe DrFallon, NV 89406
Estimated Value $706,000
Living Area 2,986 SqFt
Beds 4
Baths 3
Year Built 2007
Property Type Single Family
Ownership Type Multiple
APN 008-401-61
Subdivision George Ghiglia
School District Churchill County School District
5345 Caleb DrFallon, NV 89406
Estimated Value $344,000
Living Area 2,318 SqFt
Beds 3
Baths 2
Year Built 2000
Property Type Manufactured Homes
Ownership Type Related
APN 008-174-13
Municipality 2 0
School District Churchill County School District