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Fallon Homes for Sale

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  • /7

    $159,950

    • 3 Beds
    • 1 Bath
    • 1,106 Sq Ft

    1729 Wise Ave SE, Roanoke, VA 24013

    Newly remodeled home, refinished hardwood floors, all new kitchen, new refrigerator, stove and dishwasher, washer/ dryerhookup, 3 bedrooms, all new closets, gas heat, large front porch , almost all new plumbing, bathroom remodeled, new tub, new vanity, sink, etc., new kitchen cabinets and sink. Parking in front of the house and off the back of the house. Maintenace free exterior, vinyl siding,

    Leon McGhee L T MCGHEE & CO

    1729 Wise Ave SE, Roanoke, VA 24013
  • /17

    $120,750

    • 3 Beds
    • 1 Bath
    • 768 Sq Ft

    1320 Tazewell Ave SE, Roanoke, VA 24013

    Vacant

    Courtnee Bishop MKB, REALTORS(r)

    1320 Tazewell Ave SE, Roanoke, VA 24013
  • /2

    $14,999

    • Land
    • 0.16 Acre
    • $93,744 per Acre

    0 Wise Ave SE, Roanoke, VA 24013

    Great opportunity to own a buildable lot on Wise Ave in Roanoke! Priced right at tax assessment, this property gives you a solid deal from the start. Conveniently located near downtown, schools, shopping, and dining, while still offering some privacy with its natural setting.Whether you're ready to build now or just want to secure land for the future, this lot is a smart investment. Plus, there's

    James Altice KELLER WILLIAMS REALTY ROANOKE

    0 Wise Ave SE, Roanoke, VA 24013
  • /12

    $188,238

    • 3 Beds
    • 2 Baths
    • 1,260 Sq Ft

    1917 Wise Ave SE, Roanoke, VA 24013

    Courtnee Bishop MKB, REALTORS(r)

    1917 Wise Ave SE, Roanoke, VA 24013

Why Live in Fallon

Fallon, located in Southeast Roanoke, has faced economic challenges since the closure of the American Viscose plant in the 1950s. Despite these struggles, the neighborhood is undergoing revitalization with the city investing $1.7 million annually until 2025 to improve housing and infrastructure. Habitat for Humanity is also contributing by building new homes. Fallon Park, one of Roanoke’s largest parks, offers numerous things to do, including an Olympic-sized pool, six pickleball courts, and Virginia’s only permanent cyclocross course. The park also features an ADA-accessible playground and a trailhead for the Tinker Creek Greenway, a mile-long trail ideal for walking, biking, and blading. The annual Virginia’s Blue Ridge Go Cross Cyclocross Race attracts cyclists and spectators for a weekend of races and festivities. The Presbyterian Community Center provides essential services such as a food pantry and after-school programs, with plans to expand its facilities by 2025. Housing in Fallon ranges from historical Folk Victorian and American Foursquare homes to newer constructions, though some properties remain abandoned. The neighborhood offers views of the iconic Roanoke Star on Mill Mountain. While shops and restaurants are limited, essentials are accessible at nearby stores like Walmart Neighborhood Market and Dollar General. Fallon is about a mile from both Downtown Roanoke and Vinton, with Valley Metro bus service available.

Frequently Asked Questions

Is Fallon a good place to live?
Fallon is a good place to live. Fallon is considered car-dependent and somewhat bikeable with some transit options. Fallon has 1 park for recreational activities. It is fairly sparse in population with 5.4 people per acre and a median age of 33. The average household income is $57,893 which is below the national average. College graduates make up 12.6% of residents. A majority of residents in Fallon are renters, with 65% of residents renting and 35% of residents owning their home. A local real estate agent serving Fallon can help you decide if this neighborhood is the right one for you. Learn more on our Fallon neighborhood guide.
Is Fallon, VA a safe neighborhood?
Fallon, VA is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in Fallon?
The median home price in Fallon is $140,000. If you put a 20% down payment of $28,000 and had a 30-year fixed mortgage with an interest rate of 6.19%, your estimated principal and interest payment would be $690 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $30K a year to afford the median home price in Fallon. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Fallon is $58K.
What are the best public schools in Fallon?
The best public schools that serve Fallon are:
What are the best private schools in Fallon?
The best private schools that serve Fallon are:
  • Roanoke Catholic School has an A Niche grade, a student teacher ratio of 11:1 and an average review score of 4.2.
  • Community High School has a B+ Niche grade, a student teacher ratio of 4:1 and an average review score of 4.4.
What are the most popular zip codes in Fallon, Roanoke, VA?
The most popular zip codes in Fallon, Roanoke, VA include 24013, 24179, 24017, 24012 and 24014.
What are the most popular neighborhoods near Fallon, Roanoke, VA?
The most popular neighborhoods near Fallon, Roanoke, VA are Kenwood, Belmont, Morningside, Wildwood and Eastgate.
Are home prices dropping in Fallon?
Yes, home prices in Fallon are down 6% in the last 12 months.

Home Trends in Fallon, VA

Housing Trends

Median Sale Price
$114,500
Median Single Family Sale Price
$140,000
Average Price Per Sq Ft
$111
Number of Homes for Sale
3
Last 12 months Home Sales
8
Months of Supply
4.50
Median List Price
$140,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-21%
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