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These days, finding an affordable place to live in the Needham area can be challenging. Home prices in Needham are now at a median cost of $68,200, lower than the Alabama average of $228,911.
The average cost of rent is $547/mo in Needham, primarily driven by the current value of real estate in the Needham area. In Needham, 7.45% of households rent, and 77.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Needham is $3,049 per month. Households that rent pay about 17.94% of their income on rent here. Needham’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Land, AL: equally priced homes
- Toxey, AL: higher priced homes
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- Gilbertown, AL: higher priced homes
- Wimberly, AL: higher priced homes
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- Cromwell, AL: higher priced homes
- Crandall, MS: higher priced homes
Cities with Similar Populations
- Charley, KY: higher priced homes
- Wauconda, WA: higher priced homes
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- Trego, MT: higher priced homes
- Thomson, MN: higher priced homes
- Dott, PA: higher priced homes
- Cowgill, MO: higher priced homes
- Cottage Hill, FL: higher priced homes
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