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Fairchance

Learn about the people, housing, costs and businesses in Fairchance, Pennsylvania

Median Home$164,000
Median Rent$841/month
Population1,752
Leading IndustriesManufacturing · Information & Media · Finance & Insurance8% manufacturing
Home Value Growth+10.2% over 2 years
Young Adults23% of residents
Homeowners71% of occupied units
NotableAffordable Market$164k median home · lower cost than 68% of the country
Fairchance
PA

Frequently Asked Questions

What are today's mortgage rates in Fairchance?

As of today, the 30-year fixed mortgage rate for Fairchance is approximately 7.098% (7.144% 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 Fairchance?

The median home value in Fairchance is $164k. The median monthly rent is $841. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairchance?

Home values in Fairchance have increased 10.2% 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 Fairchance?

Based on a typical all-in ownership cost of $839/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairchance is $84k/year.

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What industries drive the economy in Fairchance?

The largest employment sectors in Fairchance are public administration (28%) and information and media (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.