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Thursday, September 28, 2023

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Soaring Madison house prices leave Madison residents scrambling for solutions

The Department of Housing and Human Development considers households that spend more than 30% of their income on housing to be "cost-burdened" and finds those families may struggle to afford other living costs.On average, a household that rents spends 26% of their income on housing, while a household with a mortgage spend 32% of their respective income on housing costs. 

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