Chance, OK
Population 291 · Oklahoma
About Chance, OK
Chance is a small community located in Oklahoma with a population of 291 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 58.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Chance features a median home value of $0, which is 100% below the national median of $244,900. This makes Chance one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 170 total housing units, 89% are owner-occupied (144 units) and 11% are renter-occupied (17 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Chance shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Chance have an average one-way commute time of 20.5 minutes.
Education & Demographics
7.6% of Chance residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.7% White, 28.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Chance, OK
Compared to national averages, Chance has a median household income of $0 (100% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Oklahoma, Chance's income is 100% below the state average of $56,382, and home values are 100% below the state median of $119,992.
Why Live in Chance, OK?
Chance offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 3.5%. Additionally, the city features a low poverty rate of 4.8%, better than the national average, and short commute times averaging just 20.5 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Chance’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Chance has a population of 291 with a median age of 58.7 years. Compare Chance with other cities to see how it stacks up, or explore all cities in Oklahoma.
Similar Cities Near Chance
Cities in Oklahoma with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oklahoma
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Chance
What is the population of Chance, OK?
The population of Chance, OK is 291 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Oklahoma.
What is the median household income in Chance?
The median household income in Chance, OK is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Chance?
The median home value in Chance, OK is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Chance?
The median monthly rent in Chance, OK is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Chance?
The unemployment rate in Chance, OK is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Chance, OK a good place to live?
Chance offers a moderate cost of living, affordable housing, and a strong job market. With a population of 291 and a median age of 58.7, the city appeals to established professionals and retirees.
How educated is Chance, OK?
7.6% of residents in Chance aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Chance?
Key cost-of-living indicators for Chance, OK: median home value is $0 (100% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is NaNx, a moderate figure by national standards.
What is the poverty rate in Chance?
The poverty rate in Chance, OK is 4.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Chance, OK?
Chance's population is 0.7% White, 28.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.