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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 $330,484, higher than the Indiana average of $232,932.
The average cost of rent is $2,269/mo in Needham, primarily driven by the current value of real estate in the Needham area. In Needham, 25.86% of households rent, and 45.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Needham is $8,574 per month. Households that rent pay about 26.46% of their income on rent here. Needham’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Urmeyville, IN: less expensive homes
- London, IN: less expensive homes
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- Whiteland, IN: less expensive homes
- Fairland, IN: less expensive homes
- New Whiteland, IN: less expensive homes
- Bengal, IN: less expensive homes
- Franklin, IN: less expensive homes
- Pleasant View, IN: less expensive homes
- Clover Village, IN: less expensive homes
Cities with Similar Populations
- West Hatfield, MA: higher priced homes
- Blooming Grove, NY: higher priced homes
- Bombay, NY: less expensive homes
- Bosky Dell, MO: less expensive homes
- Bouse, AZ: less expensive homes
- Bradenville, PA: less expensive homes
- Bridgewater, PA: less expensive homes
- Burlington Junction, MO: less expensive homes
- Camp Creek, TN: less expensive homes
- Campbellsville, TN: equally priced homes
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