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Fallon Homes for Sale

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  • /45

    $150,000 Pre-Foreclosure

    • 2 Beds
    • 1 Bath
    • 809 Sq Ft

    1 17th St SE, Roanoke, VA 24013

    Updated Ranch style home in the heart of Roanoke. Close proximity to Downtown, shopping and restaurants. This home features 2 bedrooms and 1 bathroom with a wide open single level floor plan. It also features recent roof and HVAC upgrades and a fully fenced in backyard!

    Damon Gettier REAL BROKER LLC - DGA-SALEM

    1 17th St SE, Roanoke, VA 24013
  • /12

    $184,474

    • 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
  • /34

    $189,000

    • 2,320 Sq Ft

    201 18th St SE, Roanoke, VA 24013

    Attention Investors! Corner-lot duplex featuring two spacious 3BR/1.5BA units, each with its own fenced backyard, an ideal setup for strong tenant appeal. Perfect opportunity for steady rental income with income to offset expenses. Both units offer separate fenced backyards, perfect for outdoor relaxation, pets, or entertaining, an attractive feature for long-term tenants. The corner lot setting

    Travis Hill KEYSTONE REALTY OF ROANOKE LLC

    201 18th St SE, Roanoke, VA 24013
  • /17

    $118,335

    • 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
  • /17

    $192,000

    • 3 Beds
    • 1 Bath
    • 1,200 Sq Ft

    1518 Tazewell Ave SE, Roanoke, VA 24013

    Unique , charming house in perfect convenient location just minutes from downtown. 3 bedrooms 1 bath with finished loft room/attic that adds even more space and character.Patio room off kitchen with large deck overlooking back yard and mountain views as well as Beautiful views of Mill Mountain star from the front of the property.

    Whitney Smith PMI COMMONWEALTH

    1518 Tazewell Ave SE, Roanoke, VA 24013

Why Live in Fallon

The Fallon neighborhood is undergoing revitalization with the city of Roanoke investing $1.7 million annually until 2025 to improve housing and infrastructure. Housing in Fallon ranges from historical Folk Victorian and American Foursquare homes to newer constructions. The neighborhood also offers views of the iconic Roanoke Star on Mill Mountain. Habitat for Humanity is also contributing by building new homes. Fallon Park, one of Roanoke’s largest parks, offers numerous activities, including an Olympic-sized pool, six pickleball courts and the region's only all-season 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, which has expanded its facilities, offers essential services, including a food pantry and an after-school program. Housing in Fallon ranges from historical Folk Victorian and American Foursquare homes to newer constructions, though some properties remain abandoned. 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 stopping in the community.

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 $148,000. If you put a 20% down payment of $29,600 and had a 30-year fixed mortgage with an interest rate of 6.06%, your estimated principal and interest payment would be $710 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 5:1 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 10% in the last 12 months.

Home Trends in Fallon, VA

Housing Trends

Median Sale Price
$140,000
Median Single Family Sale Price
$140,000
Average Price Per Sq Ft
$113
Number of Homes for Sale
4
Last 12 months Home Sales
11
Months of Supply
4.40
Median List Price
$148,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-7%
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