In Elk Point 55.9% of home owners have a mortgage on their home. 13.7% of home owners in Elk Point spend more than 30% of their household income on shelter costs. When it comes to rented homes, 23.1% of the rented homes in Elk Point are subsidized and the remaining 76.9% 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. 44% of tenants in Elk Point spend over 30% of their household income on shelter costs.
|Homes with a mortgage||55.90%|
|Homes spending more than 30% of household income on the home||13.70%|
|Homes that are subsidized by tax payers||23.10%|
|Rented homes where more than 30% of household income is spent on shelter costs||44.00%|