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 somewhat walkable 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.
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 $132,500. If you put a 20% down payment of $26,500 and had a 30-year fixed mortgage with an interest rate of 6.3%, your estimated principal and interest payment would be $660 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $28K 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?
What are the most popular neighborhoods near Fallon, Roanoke, VA?
Are home prices dropping in Fallon?
Yes, home prices in Fallon are down 36% in the last 12 months.
Home Trends in Fallon, VA
On average, homes in Fallon, Roanoke sell after 41 days on the market compared to the national average of 56 days. The median sale price for homes in Fallon, Roanoke over the last 12 months is $95,000, down 45% from the median home sale price over the previous 12 months.
Median Sale Price
$95,000
Median Single Family Sale Price
$127,984
Average Price Per Sq Ft
$107
Number of Homes for Sale
3
Last 12 months Home Sales
9
Median List Price
$132,500
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-45%