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28 | Page <br />City of Little Canada Housing Study - 2025 <br />Figure 28 – Median Rent <br /> <br />Source – 2023 ACS 5-Year Estimates <br />Approximately 40% of Little Canada residents spend more than 30% of their income on housing, <br />the highest rate among reference communities, tied with North St. Paul and White Bear Lake. <br />This suggests that affordability challenges persist despite lower median home values. <br /> <br />Like overall housing cost-burdened rates, Little Canada homeowners and renters also have <br />higher cost-burdened rates than most reference communities. About 50% of renters and 22% of <br />homeowners in Little Canada are considered housing cost-burdened. <br />Figure 29 – Housing Cost Burdened 7 Rates <br /> <br />Source – 2023 ACS 5-Year Estimates <br /> <br />7 The U.S. Department of Housing and Urban Development (HUD) defines a household as housing cost burdened if <br />they spend more than 30% of their monthly income on housing costs, including rent, mortgage payments, and basic <br />utilities. <br />$1,847 <br />$1,350 $1,316 $1,304 $1,334 $1,346 $1,413 $1,502 $1,342 $1,540 $1,396 <br /> $- <br /> $200 <br /> $400 <br /> $600 <br /> $800 <br /> $1,000 <br /> $1,200 <br /> $1,400 <br /> $1,600 <br /> $1,800 <br /> $2,000 <br />23% <br />39%34%39%38%35%38% <br />26% <br />32% <br />39%33% <br />0% <br />10% <br />20% <br />30% <br />40% <br />50% <br />60% <br />70% <br />% of Renters Housing Cost Burdened % of Owners Housing Cost Burdened % Overall Housing Cost Burdened