Fallon, MT
Population 305 · Montana
About Fallon, MT
Fallon is a small community located in Montana with a population of 305 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 37.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Fallon features a median home value of $217,700, which is 11% below the national median of $244,900. This positions Fallon in a moderately priced market relative to the rest of the country. Median monthly rent is $873, 25% below the national average of $1,163/month. Of the 102 total housing units, 44% are owner-occupied (40 units) and 56% are renter-occupied (51 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Fallon shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 47.5%, above the national average of 12.4%. Workers in Fallon have an average one-way commute time of 15.7 minutes, one of the shorter commutes in the region.
Education & Demographics
3.1% of Fallon residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 14.1% of the population being foreign-born.
Cost of Living in Fallon, MT
Compared to national averages, Fallon has a median household income of $0 (100% below the national median of $75,149). Home values average $217,700, which is 11% below the national median. Monthly rent at $873 is 25% below the US average of $1,163. Within Montana, Fallon's income is 100% below the state average of $65,821, and home values are 25% below the state median of $288,703.
Why Live in Fallon, MT?
Fallon offers affordable housing with a median home value of $217,700, below the US average of $244,900, and rent that’s lower than the national average at $873/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 15.7 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Fallon’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fallon has a population of 305 with a median age of 37.3 years. Compare Fallon with other cities to see how it stacks up, or explore all cities in Montana.
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Cities in Montana with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Montana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fallon
What is the population of Fallon, MT?
The population of Fallon, MT is 305 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Montana.
What is the median household income in Fallon?
The median household income in Fallon, MT is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Fallon?
The median home value in Fallon, MT is $217,700, which is 11% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Fallon?
The median monthly rent in Fallon, MT is $873, which is 25% below the national average of $1,163/month.
What is the unemployment rate in Fallon?
The unemployment rate in Fallon, MT is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Fallon, MT a good place to live?
Fallon offers a moderate cost of living, affordable housing, and a strong job market. With a population of 305 and a median age of 37.3, the city appeals to a broad range of residents.
How educated is Fallon, MT?
3.1% of residents in Fallon aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Fallon?
Key cost-of-living indicators for Fallon, MT: median home value is $217,700 (11% below national), median rent is $873/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Fallon?
The poverty rate in Fallon, MT is 47.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Fallon, MT?
Fallon's population is 1.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 14.1% of residents are foreign-born.