Fallon, NV

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Fallon short-term rental market based on reliable data.

Listings

20 / 41

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$32,883

Middle-Earners Revenue

Occupancy

75%

Middle-Earners Occupancy

Home Value

$396,511

Median Home Sale Price

Top Earners

$50,571

Top-Earners Revenue

Fallon

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Fallon.

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A

Very Investor friendly

Fallon Regulations

Fallon permits STRs citywide with no local licensing, caps, or fees; only state-level rules apply, making compliance straightforward and investor‑friendly.

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About Fallon

Fallon is a small city in western Nevada that serves as the county seat of Churchill County. With a population of roughly 8,500 residents, it sits in a broad agricultural valley about 60 miles east of Reno, just a short drive off Interstate 80 and along the lonelier stretch of U.S. Route 50. Often nicknamed the "Oasis of Nevada" because of the irrigation waters that flow into the region from the Truckee-Carson Irrigation District, the town has a working farm-and-ranch character, a relaxed small-town pace, and a strong military presence tied to Naval Air Station Fallon, one of the Navy's premier training airfields. Fallon is best known locally for its melons, alfalfa fields, and as a base camp for the outdoor recreation that surrounds it on every side.

For water-based recreation, Lahontan State Recreation Area lies just south of town, roughly a 20-minute drive. The reservoir is a year-round draw for boaters, anglers, swimmers, and houseboaters, and its shoreline campgrounds make it one of the most popular warm-weather destinations in this part of Nevada.

For a different kind of outing, Sand Mountain rises about 25 miles east of Fallon off U.S. 50. The dune is one of the largest in the Great Basin and is famous for off-highway vehicle riding, sandboarding, and camping at its base. The same area carries an unusual piece of history: in the 1850s the U.S. Army experimented with using camels as pack animals in the desert Southwest, and Sand Mountain is one of the places connected to that short-lived effort.

For wildlife and birding, the Stillwater National Wildlife Refuge is roughly 30 minutes north of Fallon and ranks among the most important migratory stopovers in the Great Basin. Tens of thousands of waterfowl, shorebirds, and raptors pass through each year, and the refuge's auto tour route and viewing areas make it accessible for casual visitors as well as dedicated birders.

For a closer look at ancient history, Grimes Point Archaeological Area sits just east of Fallon along U.S. 50. A short self-guided trail winds past basalt boulders covered in petroglyphs carved by Indigenous peoples thousands of years ago, and a small interpretive area explains the region's long human history.

Fallon's mix of small-town character, agricultural roots, and quick access to lakes, dunes, wildlife refuges, and historic sites gives short-term rental owners a base that appeals to hunters, anglers, off-road enthusiasts, and travelers crossing the wide-open country between Reno and the Utah border.

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