The stats that show how young families are being priced out of homeownership'

The Independent supports on-the-ground reporting across major issues, emphasizing separating facts from messaging and avoiding paywalls so reporting and analysis remain accessible. A new UK report shows children are now more likely than working-age adults to live in the private rented sector. The number of children in privately rented homes nearly tripled over the last quarter-century, rising from 1.1 million in 2000-01 to an estimated 3.2 million by 2024-25. Young families priced out of homeownership are renting for longer, contributing to the shift. The private rented sector has more than doubled in size since the turn of the century, now housing 12.9 million people in 5.1 million households. The sector’s tenant profile has changed, with the share of people in their 30s nearly trebling.

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"Children are now more likely than working-age adults to live in Britain's private rented sector, a new report reveals. This shift is driven by young families, priced out of homeownership, who are forced to rent for longer. The number of children in privately rented homes has nearly tripled over the last quarter-century, soaring from 1.1 million in 2000-01 to an estimated 3.2 million by 2024-25, according to the Resolution Foundation."

"Their analysis shows 23 per cent of children now reside in the sector, compared with 22 per cent of working-age adults. This demographic change coincides with a private rented sector that has more than doubled in size since the turn of the century. It now houses 12.9 million people in 5.1 million households, a significant rise from 5.1 million people in 2.5 million households in 2000-01."

"Although those in their 20s are still the most likely age group to be private tenants (37% in 2024-25), the share of people aged in their 30s in this tenure has nearly trebled, from 10% to 28%."

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