Mortgage payment estimates, closing cost breakdowns, and homebuying data for Fallon, Nevada.
Median Home Price
$325K
Population
9K
Avg Monthly Rent
$1,220
Property Tax Rate
0.53% *
* Property tax shown is the Nevada state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Fallon.
Fallon vs Nevada Median
The median home price in Fallon is $325,000, which is 24% below the Nevada state median of $425,000.
Mortgage Calculator — Fallon, NV
Pre-filled with Fallon median home price and Nevada tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $325K home using Nevada's 0.53% tax rate and $1,700/yr insurance.
5% Down
$2,417/mo
Down: $16,250
Loan: $309K
P&I: $1,952
Tax: $144
Insurance: $142
PMI: $180
10% Down
$2,305/mo
Down: $32,500
Loan: $293K
P&I: $1,849
Tax: $144
Insurance: $142
PMI: $171
20% Down (No PMI)
$1,929/mo
Down: $65,000
Loan: $260K
P&I: $1,643
Tax: $144
Insurance: $142
Income needed (28% rule): $83K/year with 20% down, $99K/year with 10% down.
Rent vs Buy in Fallon
Rent
$1,220/mo
vs
Buy (10% down)
$2,305/mo
Price-to-rent ratio: 22.2 — At a ratio above 20, renting may be more economical in Fallon for shorter stays. Buying costs $1,085 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Fallon is $325,000, 24% below the Nevada state median of $425,000. With a population of 9,227, Fallon is a smaller market where home prices tend to be more accessible than in many parts of Nevada.
Property taxes in Nevada average 0.53% annually. This low property tax rate is a significant advantage for Fallon buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Nevada runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Fallon is $1,220/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Fallon presents moderate affordability. The $325K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Fallon.