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Fallon Homes for Sale

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  • 1508 Church Ave SE, Roanoke, VA 24013
    1508 Church Ave SE, Roanoke, VA 24013
    /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

    Agent Photo

    Robert Kern

    REAL BROKER LLC - MCLEAN

    (540) 346-3470

    1508 Church Ave SE, Roanoke, VA 24013
  • 1304 Dale Ave SE, Roanoke, VA 24013
    1304 Dale Ave SE, Roanoke, VA 24013
    1304 Dale Ave SE, Roanoke, VA 24013
    /38

    $200,000

    • 1,658 Sq Ft

    1304 Dale Ave SE, Roanoke, VA 24013

    Check out this duplex, with a ton of updates! Both units just vacated at the end of their lease, prior to that they were rented outfor $1,100 each! 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

    Claudia Martinez REAL BROKER LLC - MCLEAN

    1304 Dale Ave SE, Roanoke, VA 24013
  • 1318 Dale Ave SE, Roanoke, VA 24013
    1318 Dale Ave SE, Roanoke, VA 24013
    1318 Dale Ave SE, Roanoke, VA 24013
    /21

    $85,900

    • 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
  • 1518 Tazewell Ave SE, Roanoke, VA 24013
    1518 Tazewell Ave SE, Roanoke, VA 24013
    1518 Tazewell Ave SE, Roanoke, VA 24013
    /33

    $169,999

    • 3 Beds
    • 1 Bath
    • 992 Sq Ft

    1518 Tazewell Ave SE, Roanoke, VA 24013

    Motivated Seller! Enjoy stunning mountain views and even a glimpse of the iconic Mill Mountain Star, all within walking distance to vibrant downtown. This fully renovated, move-in-ready home offers the perfect blend of turn-of-the-20th-century charm and modern updates -- all with no HOA! Affordable price point makes it ideal as a starter home or investment property. Inside, you'll find a unique

    Preston Trail MKB, REALTORS(r)

    1518 Tazewell Ave SE, Roanoke, VA 24013
  • 1602 Campbell Ave SE, Roanoke, VA 24013
    1602 Campbell Ave SE, Roanoke, VA 24013
    1602 Campbell 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
  • 1917 Wise Ave SE, Roanoke, VA 24013
    1917 Wise Ave SE, Roanoke, VA 24013
    1917 Wise 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

Real Estate & Homes for Sale in Fallon, Roanoke

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 $980,000. If you put a 20% down payment of $196,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $5,070 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $217K 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:
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 4.1.
  • 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 69% in the last 12 months.

Home Trends in Fallon, VA

Housing Trends

Median Sale Price
$980,000
Median 1 Bedroom Sale Price
$980,000
Average Price Per Sq Ft
$1,041
Number of Homes for Sale
0
Last 12 months Home Sales
1
Months of Supply
0.00
Median List Price
$980,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-39%
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