In Hamilton 59.2% of home owners have a mortgage on their home. 18.8% of home owners in Hamilton spend more than 30% of their household income on shelter costs. When it comes to rented homes, 16.3% of the rented homes in Hamilton are subsidized and the remaining 83.7% pay market rent. Subsidized housing is government sponsored economic assistance program aimed towards alleviating housing costs and expenses for people in need with low to moderate incomes. 41.7% of tenants in Hamilton spend over 30% of their household income on shelter costs.
|Homes with a mortgage||59.20%|
|Homes spending more than 30% of household income on the home||18.80%|
|Homes that are subsidized by tax payers||16.30%|
|Rented homes where more than 30% of household income is spent on shelter costs||41.70%|