HomePennsylvaniaFayette CountyFairchance borough
Fairchance borough, Pennsylvania: commercial real estate data.
Fairchance borough is a Census borough of 1,241 people across 1.19 square miles of land, in Fayette County. Median household income is $39,767, 55.2 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $1.7 m.
70 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Fairchance
What Fairchance is
- Census place typeborough
- Land area1.19 sq mi
- Water area0 sq mi
- Population per square mile of land1,046
- County holding the largest share of its areaFayette County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Fairchance
How many people live in Fairchance
- Population1,241
- Median age55.8
- Population under 18119 plus or minus 70
- Share under 189.6 percent plus or minus 5.3
- Population 65 and over326 plus or minus 76
- Share 65 and over26.3 percent
- Households672
- Family households369 plus or minus 84
- Share of households that are families54.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Fairchance
Income and work in Fairchance
- Median household income$39,767 plus or minus $19,330
- Per capita income$33,781
- Civilian labor force531 plus or minus 145
- Employed501 plus or minus 143
- Unemployed30 plus or minus 22
- Unemployment rate5.6 percent plus or minus 3.8
- Adults 25 and over1,080
- Adults 25 and over with a high school diploma or higher92.2 percent plus or minus 22.0
- Adults 25 and over with a bachelor degree or higher16.8 percent plus or minus 5.2
- Adults 25 and over with a graduate degree5.4 percent plus or minus 2.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Fairchance
Housing in Fairchance
- Housing units781
- Occupied units672
- Vacant units109 plus or minus 69
- Vacancy rate14.0 percent plus or minus 8.5
- Owner occupied371 plus or minus 80
- Renter occupied301 plus or minus 85
- Ownership rate55.2 percent
- Median owner-occupied home value$169,100
- Median gross rent, monthly$685
- Annual rent as a share of median income20.7 percent plus or minus 10.2
- Single family units484 plus or minus 100
- Share single family62.0 percent
- Units in buildings of two or more193 plus or minus 77
- Share in buildings of two or more24.7 percent plus or minus 8.9
- Mobile homes104 plus or minus 70
- Median year structure built1960
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Fairchance
How Fairchance gets to work
- Workers 16 and over who commute467 plus or minus 131
- Commuting under 15 minutes141 plus or minus 56
- Share commuting under 15 minutes30.2 percent plus or minus 8.4
- Commuting 30 minutes or more202 plus or minus 87
- Share commuting 30 minutes or more43.3 percent plus or minus 14.1
- Drove alone89.3 percent
- Carpooled8.0 percent plus or minus 6.1
- Public transport1.1 percent plus or minus 1.7
- Walked0.0 percent
- Worked from home1.7 percent plus or minus 2.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Fairchance
SBA loans in Fairchance (7(a))
- Approvals3
- Gross approval$1,668,300
- Average approval$556,100
- Median approval$350,000
- Ninetieth percentile approval$1,218,300
- Largest approval$1,218,300
- Jobs supported14
- Jobs per approval4.7
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS1
A charge-off rate is not published here. only 2 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Fairchance
Flood risk in Fairchance
- Listed NFIP communities1
- Of those, participating1
- NFIP community number420463
- Currently effective map date07/18/17
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Fayette County, not Fairchance
Fayette County context, not Fairchance figures
These are Fayette County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Fairchance measurements.
- Establishments in Fayette County2,485
- Employment at those establishments, Fayette County31,590
- Covered employment, Fayette County37,892
- Average annual pay, Fayette County$51,069
- Average weekly wage, Fayette County$982
- Housing units permitted, Fayette County189
- Of those, single family, Fayette County189
- County product, 2024, Fayette County$5,442,345,000
- County product change over the prior year, Fayette County0.9 percent
- Average income of an arriving household, Fayette County$48,762
Every figure in this section is published for Fayette County as a whole and is not a measurement of Fairchance. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Fairchance questions, answered from the record.
How many people live in Fairchance, Pennsylvania?
1,241, in 672 households. Fairchance borough covers 1.19 square miles of land, which is 1,046 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Fairchance in?
Fayette County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Fairchance?
$39,767. The median owner-occupied home is valued at $169,100. Median gross rent is $685 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Fairchance businesses?
3 7(a) approvals totalling $1.7 m, across 2 lenders, median approval $350,000. These count approvals to borrowers whose address is in Fairchance, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Fairchance borrowers get paid back?
No rate is published for Fairchance. only 2 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Fairchance in the National Flood Insurance Program?
Yes. Fairchance appears in the FEMA Community Status Book as community 420463, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Fairchance figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Fayette County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Fairchance.
Is zoning published for Fairchance?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.