In Blackfalds 83.9% of home owners have a mortgage on their home. 27.3% of home owners in Blackfalds spend more than 30% of their household income on shelter costs. When it comes to rented homes, 7.6% of the rented homes in Blackfalds are subsidized and the remaining 92.4% 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. 30.3% of tenants in Blackfalds spend over 30% of their household income on shelter costs.
| Statistic | Dollar Amount |
|---|---|
| Homes with a mortgage | 83.90% |
| Homes spending more than 30% of household income on the home | 27.30% |
| Homes that are subsidized by tax payers | 7.60% |
| Rented homes where more than 30% of household income is spent on shelter costs | 30.30% |