The story of this market
The typical home in ZIP 89406 sells for about $373,000, or $256 per square foot.
Prices are up +7.1% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,395 a month.
ZIP 89406 — Fallon
The Fallon housing market is currently balanced, with a median sale price of $373,000 reflecting a 7.1% year-over-year increase. Demand remains steady, supported by the local military presence, though inventory levels have seen recent fluctuations. Buyers are finding a competitive environment where homes sell in approximately 45 days.
This ZIP is well-suited for military personnel stationed at the nearby Naval Air Station, families seeking small-town living, and first-time buyers looking for value compared to larger Nevada metro areas.
Median prices moved up 7.1% year over year.
Homes spend a median of 45 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 89406, Churchill County NV
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Churchill County School District, which provides public education for the Fallon community.
The local economy is anchored by the Fallon Naval Air Station, which serves as a primary driver for regional employment and infrastructure demand.
Property taxes are administered at the county level; specific rates and exemptions are determined by Churchill County assessment authorities.
Residents primarily rely on personal vehicles for commuting, with the area's layout centered around accessibility to local schools and the Fallon Naval Air Station.
The area offers access to local parks and outdoor recreation typical of the high desert, with shopping and dining concentrated in the city of Fallon.
The rental market has experienced significant upward pressure, with year-over-year rent growth reported at approximately 22.91%.
The economy is heavily influenced by the military presence at Fallon Naval Air Station and the surrounding agricultural sector.
Transportation is primarily highway-based, serving as a regional hub for the surrounding rural areas of Churchill County.
Churchill County maintains the assessment rolls for all parcels within the ZIP code.
Parcels are subject to Churchill County School District levies and standard county-wide service districts.
Data retrieved from Point2Homes and Census-based reporting.
A major regional anchor and employer.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.