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
Van Fleet Rd632$288,0003,070 Sq.Ft.3/11/2024Vaughn Rd2392$412,4002,863 Sq.Ft.2/2/2024Venitian Ct732$421,0001,692 Sq.Ft.12/28/2023Venturacci Ln7132$477,1742,755 Sq.Ft.3/7/2025Verona Dr9932$568,1251,841 Sq.Ft.5/6/2025Victor Dr1372$337,2501,921 Sq.Ft.5/30/2025Vinewood1043$653,1003,320 Sq.Ft.3/12/2021Violets Rd2552$350,0001,708 Sq.Ft.5/26/2016Virginia St2942$313,5361,581 Sq.Ft.3/26/2025Wade Ln3142$483,7312,960 Sq.Ft.8/31/2023Wagon Trl321$467,3331,956 Sq.Ft.11/20/2023Warwick Ave1631$323,4381,327 Sq.Ft.8/20/2024Weaver Rd1832$571,9383,596 Sq.Ft.4/23/2025Western Ave1332$289,5381,485 Sq.Ft.3/12/2024Westwind Way4542$434,3862,293 Sq.Ft.10/14/2024Wetland Vw943$543,1112,626 Sq.Ft.5/30/2023Whitaker Ln3642$379,9061,973 Sq.Ft.5/6/2024White Cloud Mining District76N/AN/AN/AN/A2/17/2022Whitehawk Dr743$596,4292,757 Sq.Ft.3/28/2022Wildes Rd2932$401,4802,902 Sq.Ft.3/9/2023Wildes St1832$318,3891,442 Sq.Ft.3/28/2025Willdate Dr5102$368,7501,964 Sq.Ft.6/13/2018Williams Ave13332$356,2789,643 Sq.Ft.5/28/2025Willow Creek Dr832$488,7502,711 Sq.Ft.8/25/2023Winchester Rd1332$467,1672,198 Sq.Ft.10/31/2019Windmill Dr933N/A4,360 Sq.Ft.5/17/2022Wonder Mining District83N/AN/AN/AN/A11/18/2009Wonder Townsite3N/AN/A$352,000N/A12/13/2005Wood Dr1532$399,6002,573 Sq.Ft.2/14/2025Woodhaven Dr2132$360,6191,389 Sq.Ft.9/9/2024Woodlands Pl112614$326,8181,873 Sq.Ft.5/15/2020Woolery Way3N/AN/AN/A62,512 Sq.Ft.5/16/2016Workman Rd26122$411,3642,167 Sq.Ft.3/10/2025Yeoman Ln91012$470,0002,513 Sq.Ft.9/20/2022York Ln43105$391,0792,178 Sq.Ft.8/26/2024Yucca Ln21142$355,1901,825 Sq.Ft.11/22/2024Zephyr Ln1232$362,9172,071 Sq.Ft.8/7/2023680 W A StFallon, NV 89406
Estimated Value $303,000
Living Area 1,120 SqFt
Beds 3
Baths 2
Year Built 1964
Property Type Single Family
Ownership Type Individual
APN 001-172-10
Subdivision Holiday Park #1
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
4413 Rancheria RdFallon, NV 89406
Estimated Value $614,000
Living Area 1,955 SqFt
Beds 3
Baths 2
Year Built 2004
Property Type Single Family
Ownership Type Related
APN 008-122-30
Subdivision M&B
School District Churchill County School District
3052 Pflum LnFallon, NV 89406
Estimated Value $563,000
Living Area 2,200 SqFt
Beds 3
Baths 1
Year Built 2016
Property Type Single Family
Ownership Type Related
APN 006-331-67
Subdivision M&B
School District Churchill County School District
4259 Rancheria RdFallon, NV 89406
Estimated Value $604,000
Living Area 2,401 SqFt
Beds 3
Baths 2
Year Built 2005
Property Type Single Family
Ownership Type Trust
APN 008-122-14
Subdivision M&B
School District Churchill County School District
130 E Richards StFallon, NV 89406
Estimated Value $275,000
Living Area 1,200 SqFt
Beds 3
Baths 1
Year Built 1978
Property Type Single Family
Ownership Type Related
APN 001-555-12
Subdivision Oats Addition
School District Churchill County School District
4020 Reno HwyFallon, NV 89406
Estimated Value $248,000
Living Area 1,418 SqFt
Beds 2
Baths 1
Year Built 1927
Property Type Single Family
Ownership Type Individual
APN 008-461-69
Subdivision M&B
School District Churchill County School District
2091 Reese WayFallon, NV 89406
Estimated Value $437,000
Living Area 1,767 SqFt
Beds 3
Baths 2
Year Built 2022
Property Type Single Family
Ownership Type Individual
APN 008-081-37
Subdivision M&B
School District Churchill County School District
594 Colorado LnFallon, NV 89406
Estimated Value $371,000
Living Area 1,495 SqFt
Beds 3
Baths 2
Year Built 2023
Property Type Single Family
Ownership Type Multiple
APN 001-795-58
Subdivision Meadow Valley #13
School District Churchill County School District
1918 Albert StFallon, NV 89406
Estimated Value $336,000
Living Area 1,468 SqFt
Beds 3
Baths 2
Year Built 1994
Property Type Single Family
Ownership Type Related
APN 001-286-17
Subdivision Parkview #1
School District Churchill County School District
1610 Golden Park WayFallon, NV 89406
Estimated Value $683,000
Living Area 2,378 SqFt
Beds 4
Baths 3
Year Built 1997
Property Type Single Family
Ownership Type Related
APN 008-322-78
Subdivision Edward For Edward & Louie Venturacci
School District Churchill County School District
380 Sunrise TerFallon, NV 89406
Estimated Value $674,000
Living Area 2,666 SqFt
Beds 3
Baths 2.5
Year Built 1995
Property Type Single Family
Ownership Type Individual
APN 008-322-31
Subdivision Map For Eddle And Louie Vebnturacci
School District Churchill County School District
394 Dianna WayFallon, NV 89406
Estimated Value $327,000
Living Area 1,420 SqFt
Beds 3
Baths 2
Year Built 1995
Property Type Single Family
Ownership Type Individual
APN 001-791-21
Subdivision Fields Landing #5c
School District Churchill County School District
390 Beth WayFallon, NV 89406
Estimated Value $372,000
Living Area 1,396 SqFt
Beds 3
Baths 2
Year Built 2002
Property Type Single Family
Ownership Type Related
APN 001-793-09
Subdivision Fields Landing #7a
School District Churchill County School District
480 S Russell StFallon, NV 89406
Estimated Value $257,000
Living Area 1,022 SqFt
Beds 2
Baths 1
Year Built 1955
Property Type Single Family
Ownership Type Multiple
APN 001-423-05
Subdivision Mori Addition
School District Churchill County School District
848 Noel LnFallon, NV 89406
Estimated Value $367,000
Living Area 1,702 SqFt
Beds 3
Baths 2
Year Built 2005
Property Type Single Family
Ownership Type Related
APN 001-793-86
Subdivision Meadow Valley #11
School District Churchill County School District