Home ownership and renting across England and Wales
This is a short video on home ownership and renting across England and Wales using information from the 2011 census.
In 2011, there were 23.4 million households and of these 15 million were owner occupied; broken down into 7.2 million that were owned outright, and 7.8 million that were owned through a mortgage. 8.3 million homes were being rented; broken down into 4.2 million privately rented and 4.1 socially rented.
If we look at the accommodation type for the different types of household, the majority of owner occupiers, or 91%, live in houses; but for those renting there is a more equal share living in houses and flats, with 56% living in houses and 44% living in flats.
Looking at the number of bedrooms; twice as many owner occupier households have 3 or more bedrooms; compared to households renting. 74% of owner occupied households had 3 or more bedrooms, compared with 37% of rented households.
If we look at the household size for those households owner occupied and rented; two people, is the most common household size for owner occupiers with one person the most common size among renters.
Finally we will look at the characteristics of the household reference person (HRP), of each of the 23.4 million homes across England and Wales. The HRP is the oldest full-time worker in most households or a person chosen from the household based on their age and economic activity status.
Most HRPs were between the ages of 35 to 64, accounting for 56% of the homes across England and Wales. If we look at ownership and renting for the different age groups, the majority of HRPs in the younger age groups rent; with 87% of HRPs aged 16 to 24 in the rental sector, and 60% of HRPs aged 25 to 34 in the rental sector.
For the older age groups aged 35 and above, the majority of HRP’s own their home, peaking in the 65 to 74 age category, where 76% own their home.
Looking at the economic activity of home owners and renters, 68% of HRP’s who own their home were employed. This compares to 57% for those who were renting. 1% of home owners were unemployed, compared to 7% for those renting. 31% of home owners were inactive, so they were not looking or available to work, compared with 36% for those renting. For home owners who were inactive, around 9 in every 10 were retired. But for those renting and inactive, around a half were retired with the second and third most common reasons, being looking after the family or home, and being long term sick or disabled.