In Smoky Lake 50% of home owners have a mortgage on their home. 20.6% of home owners in Smoky Lake spend more than 30% of their household income on shelter costs. When it comes to rented homes, 21.4% of the rented homes in Smoky Lake are subsidized and the remaining 78.6% 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. 64.3% of tenants in Smoky Lake spend over 30% of their household income on shelter costs.
|Homes with a mortgage||50.00%|
|Homes spending more than 30% of household income on the home||20.60%|
|Homes that are subsidized by tax payers||21.40%|
|Rented homes where more than 30% of household income is spent on shelter costs||64.30%|