Low Income Apartments and Affordable Housing For Rent in Fairchance, PA

Discover affordable housing in Fairchance where there are 2+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Fairchance Senior Housing

120 Fair St., Fairchance, Pennsylvania 15436

Wynnwood Commons

100 Fair St, Fairchance, Pennsylvania 15436

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Fairchance, Pennsylvania
$21.99/hour
$14.74 (+203%) more than Pennsylvania minimum wage and $14.74 (+203%) more than the Federal minimum wage.
Learn More About Fairchance, Pennsylvania Affordable Housing ↓

What HUD offices serve Fairchance, Pennsylvania?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Homeownership Voucher, Family Self-Sufficiency programs for Fairchance, Pennsylvania.

Go to the Pennsylvania Public Housing and Low-Income Apartments Waiting Lists page for openings near Fairchance.

How many renters live in Fairchance, Pennsylvania?

The City of Fairchance has 1,657 people living in 788 households.

There are 718 renters living in 362 renter households in this City. Renters make up 43.33 percent of the population living in Fairchance.

What is the rental market like in Fairchance, Pennsylvania?

There are an estimated 885 housing units in the Fairchance area. Of these, 383 units are rental homes, making up 43 percent of the housing market. For every renter household in Fairchance, Pennsylvania, there are 1 rental units.

What is the vacancy rate for rentals in Fairchance?

The rental vacancy rate in Fairchance is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Fairchance for each bedroom size?

Occupied Rental Units by Size in Fairchance
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 61 159 129 4
Occupied Rental Units by Size in Fairchance

A large number of apartments in Fairchance have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Fairchance are overburdened by housing costs?

Among renter households in this market, 54 percent have housing cost burden. Further, 32 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Fairchance

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $917 to $1,605. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $917
One BR $965
Two BR $1,161
Three BR $1,474
Four BR $1,605
2024 Fair Market Rents in Fairchance, Pennsylvania

How many units are rented at Fair Market Rent (FMR) in Fairchance?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
One BR 54 89 percent
Two BR 114 72 percent
Rental Units Below FMR in Fairchance, Pennsylvania

How many affordable rental units are in Fairchance?

There are a variety of federal affordable housing programs serving households in Fairchance, Pennsylvania including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 34
Public Housing 29
USDA Section 515 Rural Rental Housing 34
Tracked Units by Federal Program in Fairchance, Pennsylvania

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Fairchance, Pennsylvania

Fairchance features 34 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Fairchance, Pennsylvania

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fairchance.

Housing Choice Vouchers in Fairchance, Pennsylvania

On average, Section 8 Housing Choice vouchers pay Fairchance landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Fairchance.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fairchance, Pennsylvania for a two-bedroom apartment is between $1,045 and $1,277.

Sourced from federal housing data and AffordableHousingOnline.com research.