Fallon Homes for Sale

/2
$120,000
- 1,512 Sq Ft
1508 Church Ave SE, Roanoke, VA 24013

This fully occupied duplex offers a fantastic opportunity for investors looking to expand their portfolio. The property features two units: a spacious 2-bedroom, 1-bath unit and a cozy 1-bedroom, 1-bath unit--both with long-term tenants in place, providing steady rental income from day one.While the units are in need of some TLC, they offer great potential for value-add improvements and increased

Robert Kern

REAL BROKER LLC - MCLEAN

(540) 346-3470

1508 Church Ave SE, Roanoke, VA 24013
Explore Fallon
/21
$175,000
- 3 Beds
- 1 Bath
- 886 Sq Ft
1617 Kirk Ave SE, Roanoke, VA 24013

Charming 3-bedroom, 1-bathroom home in a convenient location, fully updated for modern living! Gleaming granite countertops, crisp white cabinets, and stainless steel appliances shine in the stylish kitchen. Bright new LVP flooring flows throughout the spacious living room and dining room, perfect for gatherings. The refreshed bathroom features newer fixtures, and the newer HVAC ensures

Alex Taylor MAC WESTLAND REAL ESTATE GROUP

1617 Kirk Ave SE, Roanoke, VA 24013
/38
$197,000
- 1,658 Sq Ft
1304 Dale Ave SE, Roanoke, VA 24013

Check out this duplex, with a ton of updates! upstairs unit is occupied until 08/2026 rented for $1100 and the other one is vacant. Each unit has 2 bedrooms, 1 bath and a front porch. Whether you are looking to invest and rent out for units or live in one and rent the other oneout, this property has a lot to offer. Convenient to down town Roanoke and easy transportation. Newer HVAC system.

Claudia Martinez REAL BROKER LLC - MCLEAN

1304 Dale Ave SE, Roanoke, VA 24013
/21
$85,000
- 2 Beds
- 1 Bath
- 856 Sq Ft
1318 Dale Ave SE, Roanoke, VA 24013

Great investment property for a flip or a rental or it would make a good first time home buyer with some TLC. This vinyl sided one story home features a living room, dining room, kitchen, 2 bedrooms, a full bathroom and laundry room. Additional features include a fenced yard and a covered front and rear porch. Home sold in AS IS condition and subject to seller finding suitable housing.

Dwayne Epperly KELLER WILLIAMS REALTY ROANOKE

1318 Dale Ave SE, Roanoke, VA 24013
/15
$155,000
- 2 Beds
- 1 Bath
- 1,178 Sq Ft
1602 Campbell Ave SE, Roanoke, VA 24013

Welcome to 1602 Campbell Ave in Roanoke - a versatile property perfect for first-time homebuyers or investors. This cozy home offers great potential with its functional layout, inviting curb appeal, and convenient location close to downtown, shopping, dining, and public transportation.Whether you're looking to settle into an affordable home or expand your rental portfolio, this property checks

Jake Hinson RE/MAX 8

1602 Campbell Ave SE, Roanoke, VA 24013
/12
$200,000
- 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

Virginia Roanoke City County Roanoke Fallon

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.

Learn more about living in Fallon

Frequently Asked Questions

Is Fallon a good place to live?

Fallon is a good place to live. Fallon is considered car-dependent and 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.

How much do you need to make to afford a house in Fallon?

The median home price in Fallon is $154,975. If you put a 20% down payment of $31,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $790 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $34K a year to afford the median home price in Fallon. The average household income in Fallon is $58K.

What are the best public schools in Fallon?

The best public schools that serve Fallon are:

Patrick Henry High School has a B Niche grade, a student teacher ratio of 15:1 and an average review score of 3.6.
William Fleming High School has a B- Niche grade, a student teacher ratio of 16:1 and an average review score of 3.7.
Fallon Park Elementary School has a C+ Niche grade and a student teacher ratio of 13:1.

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.

Home Trends in Fallon, VA

On average, homes in Fallon, Roanoke sell after 44 days on the market compared to the national average of 52 days. The median sale price for homes in Fallon, Roanoke over the last 12 months is $153,475, up 19% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$153,475

Median Single Family Sale Price

$156,000

Average Price Per Sq Ft

$129

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

6.00

Median List Price

$154,975

Median Change From 1st List Price

Median Home Sale Price YoY Change

19%

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