The typical owner-occupied home in Fairchance is worth about $169,100, 34% below the Pennsylvania median of $254,500 and 49% below the national median of $332,700. Owners pay a median $1,461 a year in property taxes, about 0.86% of their home's value, lower than the Pennsylvania rate of 1.30%. The median household earns $39,767 a year, so the median home costs 4.3 times the median income (3.3 times for Pennsylvania). 55% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Fairchance at a glance
| Fairchance | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $169,100 | $254,500 | $332,700 |
| Median property tax paid per year | $1,461 | $3,311 | $3,119 |
| Property tax as a share of value | 0.86% | 1.30% | 0.94% |
| Median household income | $39,767 | $77,971 | $80,734 |
| Homes lived in by their owners | 55% | 69% | 65% |
| Owner homes with a mortgage | 48% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,239 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 17.7% | 19.4% | 21.0% |
| Median rent | $685 | $1,209 | $1,413 |
| Rent as a share of renters' income | 35.5% | 29.2% | 30.6% |
| Median year homes were built | 1960 | 1965 | 1980 |
| Vacant homes | 14.0% | 9.2% | 10.1% |
| Population | 1,241 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Fairchance
At this week's average 30-year rate of 7.11%, buying the median Fairchance home of $169,100 with 20% down costs about $1,102 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,383, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $47,215 for the 20%-down payment. That payment is 33% of the median Fairchance household income of $39,767; at that income and 20% down, the 28% guideline points to a home of about $142,000.
The median rent here is $685 a month, so owning the median home costs about $417 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $33,820 |
|---|---|
| Loan amount | $135,280 |
| Principal and interest | $910 |
| Property taxes (0.86% a year) | $121 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| PMI | $0 |
| Total per month | $1,102 |
Change the numbers in the calculator
| Down payment | $5,918 |
|---|---|
| Loan amount | $166,037 |
| Principal and interest | $1,117 |
| Property taxes (0.86% a year) | $121 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| FHA mortgage insurance | $75 |
| Total per month | $1,383 |
Change the numbers in the calculator
Questions about home buying in Fairchance
What is the median home value in Fairchance?
About $169,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fairchance?
Homeowners pay a median $1,461 a year, which is about 0.86% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Fairchance?
For the median home with 20% down at 7.11%, the payment is about $1,102 a month. Keeping that under 28% of gross income takes about $47,215 a year.
More about Fairchance
- Mortgage Refinance in Fairchance
- Debt Relief in Fairchance
- Home Equity Loans in Fairchance
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data