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The Daily Cardinal Est. 1892
Sunday, May 19, 2024

In Depth


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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