The rise of the silver room sharer – over 50 housemate numbers up 74%!

The latest data from leading room share platform, ideal flatmate, has looked at the changing face of the house share landscape and how more and more people above the age of 50 are turning to a house share as a viable way of living either as a live-in landlord or as a roommate.

Data from ideal flatmate across thousands of room share listings across the UK shows that the current average age of a room share tenant is 30 years old.

House sharing has become a popular choice for many, particularly in major UK cities, where the cost of renting is too high to tackle alone. So far in 2019, ideal flatmate has already seen a 24% increase in the number of people opting to room share when compared to last year as a whole.

As you may expect, the 18-25 age category accounts for the largest percentage of all room share tenants, with 43% of those renting via ideal flatmate falling into this bracket. This starts to decline as the age increases: –

  • 36% of room shares are aged between 25-35
  • 13% between 35-45
  • 6% between 45-55
  • Just 2% are aged 55 or over

But is this starting to change?

In 2019 alone, ideal flatmate has seen a 74% increase in the number of over 50s using their platform when compared to 2018, either to find a room share applicant to fill their spare room or as an applicant themselves looking for a room to rent.

Co-founder of ideal flatmate, Tom Gatzen, commented:

“While the older age brackets still account for a very small number of room share applicants as a whole, we’ve seen a dramatic increase in the number of people over 50 opting to search for either a housemate or a spare room for themselves.

I think perceptions are starting to change and there has been a number of great stories around older people welcoming others into their homes, particularly younger roommates. Previously it carried a bit of stigma, much like living with your parents at the age of 30 use to, but as rents continue to climb and the issue of affordability grows ever larger, I think people of all ages are starting to band together and tackle the rental market in whatever way they can.

The ability to verify people and the information and checks required has also provided an additional layer of security for elderly applicants and as more of the older population becomes silver surfers, their ability to adapt and adopt new technology has changed the way they do things from shopping to contacting family, and now even renting.

Age is just a number and it’s one that doesn’t seem to hold any bearing what so ever when looking for that ideal flatmate and we expect that the fabric of the UK rental sector will continue to evolve as a result of this diversity and acceptance.”

Average age of flatshare tenant – by age category
Age category
Average age
% of Total Count
18-25
23
43%
25-35
30
36%
35-45
40
13%
45-55
51
6%
55-65
65
2%
Average age of all flatshare tenants
30
N/A
Average age of over 50s flatshare tenant and growth
Year
Average age
Change (2018-2019)
2018
65
74%
2019
65

 

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Overseas Property

5 Must-Try Activities At Rosewood Baha Mar For An Unforgettable Stay

Tucked along the sparkling white sands of Cable Beach, Rosewood Baha Mar stands as a pinnacle of luxury in the heart of The Bahamas. This majestic island resort pairs stunning modern design with unparalleled service, amenities and natural beauty. From rejuvenating spa treatments to underwater adventures, Rosewood Baha Mar allows guests to craft their perfect…
Read More
Breaking News

Breaking Property News – 22/02/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Curious how the Building Safety Regulator will impact your future projects? Article by Will Varnals and Ed Resek Associate Director – Watts Group ‘The Building Safety Act has been described by government as the ‘Biggest Changes to Building Safety for a Generation’. Arguably, the most impactful change at…
Read More
Estate Agent Talk

Home Additions That Can Increase The Attractiveness of a Property

In the dynamic world of the property market, whether you’re in sales or lettings, staying ahead of the curve is crucial. As the property market evolves, so do the preferences of buyers and renters, meaning in order to maximise the attractiveness and value of your property, strategic additions and renovations can make all the difference.…
Read More
Home and Living

The Anatomy of a Perfectly Cozy Reading Nook

The Foundation: Choosing the Right Space Selecting the ideal spot for your reading nook is the cornerstone of its success. Consider a quiet corner bathed in natural light, away from the distractions of modern life. The goal is to create a haven where one can escape into the world of literature without interruptions. Location Matters…
Read More
Breaking News

Breaking Property News – 21/02/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Government announces new Short-term lets rules to protect communities and keep homes available. Press Release London February 2024 – Overview – ‘Short-term lets rules to protect communities and keep homes available. Local residents will be protected from being pushed out of their communities by excessive short-term…
Read More
Breaking News

Enhancing Security and User Experience with Face Recognition Technology

In an era where digital interactions dominate our daily lives, the need for robust and convenient security measures has never been greater. Traditional methods of authentication, such as passwords and PINs, are increasingly susceptible to breaches and hacks. In response to these challenges, face recognition technology has emerged as a cutting-edge solution, offering a unique…
Read More