In Bow Island 56% of home owners have a mortgage on their home. 18.2% of home owners in Bow Island spend more than 30% of their household income on shelter costs. When it comes to rented homes, 0% of the rented homes in Bow Island are subsidized and the remaining 100% 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. 17.1% of tenants in Bow Island spend over 30% of their household income on shelter costs.
|Homes with a mortgage||56.00%|
|Homes spending more than 30% of household income on the home||18.20%|
|Homes that are subsidized by tax payers||0.00%|
|Rented homes where more than 30% of household income is spent on shelter costs||17.10%|