In New Waterford 42.9% of home owners have a mortgage on their home. 12.1% of home owners in New Waterford spend more than 30% of their household income on shelter costs. When it comes to rented homes, 30.4% of the rented homes in New Waterford are subsidized and the remaining 69.6% 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. 45.4% of tenants in New Waterford spend over 30% of their household income on shelter costs.
|Homes with a mortgage||42.90%|
|Homes spending more than 30% of household income on the home||12.10%|
|Homes that are subsidized by tax payers||30.40%|
|Rented homes where more than 30% of household income is spent on shelter costs||45.40%|