In Redwater 75.4% of home owners have a mortgage on their home. 9.4% of home owners in Redwater spend more than 30% of their household income on shelter costs. When it comes to rented homes, 0% of the rented homes in Redwater 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. 43.5% of tenants in Redwater spend over 30% of their household income on shelter costs.
| Statistic | Dollar Amount |
|---|---|
| Homes with a mortgage | 75.40% |
| Homes spending more than 30% of household income on the home | 9.40% |
| Homes that are subsidized by tax payers | 0.00% |
| Rented homes where more than 30% of household income is spent on shelter costs | 43.50% |