In Cochrane 69.3% of home owners have a mortgage on their home. 18.6% of home owners in Cochrane spend more than 30% of their household income on shelter costs. When it comes to rented homes, 3.5% of the rented homes in Cochrane are subsidized and the remaining 96.5% 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. 40.0% of tenants in Cochrane spend over 30% of their household income on shelter costs.
| Statistic | Dollar Amount |
|---|---|
| Homes with a mortgage | 69.30% |
| Homes spending more than 30% of household income on the home | 18.60% |
| Homes that are subsidized by tax payers | 3.50% |
| Rented homes where more than 30% of household income is spent on shelter costs | 40.00% |