Chancetown is a small town in the Dragoonish state of Lohana. It is located in Byrd County along State Highway 99. The community was founded in 1844, and later named after politician Jordson H. Chance.
Chancetown was founded on May 8, 1844, as North's Junction. Forty years later, the community was incorporated as a town and renamed "Chancetown", after local politician Jordson Herbert Chance. The town showed promise of growing, but after an earthquake hit the area in 1947, many of the town's people left for other communities. In 2000, the town had a population of only 976.
Chancetown had a population of 1,004, according to the 2010 census. According to the 2014 census, the town's population decreased to 994.