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Chance

Learn about the people, housing, costs and businesses in Chance, Oklahoma

Median Home$121,985
Median Rent$634/month
Population227
Leading IndustriesRetail · Transportation25% retail
Home Value Growth⬆⬆⬆+25.9% over 2 years
Retirees23% of residentsslightly above average
Homeowners75% of occupied units
NotableAffordable Market$122k median home · lower cost than 84% of the country
Chance
OK

Frequently Asked Questions

What are today's mortgage rates in Chance?

As of today, the 30-year fixed mortgage rate for Chance is approximately 6.943% (6.981% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Chance?

The median home value in Chance is $122k. The median monthly rent is $634. Annual property taxes average $580. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chance?

Home values in Chance have increased 25.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Chance?

Based on a typical all-in ownership cost of $569/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chance is $45k/year.

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What industries drive the economy in Chance?

The largest employment sectors in Chance are retail (25%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.