Projections of housing tenure for older adults indicate that the proportion of people aged 65 and over living in rented accommodation will increase from 4% in 2022 to over 13% by 2040.

A report by the UK Collaborative Centre for Housing Evidence (CaCHE), on behalf of the charity Independent Age, projected that by 2040, 24% of all older people will be living in private rented sector (PRS) housing.

Although most people will still own their own homes in later life, there will be a decline in the proportion of people aged 65+ living in homes they own or in social homes.