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Affordable
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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 $1,219,533, higher than the Massachusetts average of $625,090.
The average cost of rent is $2,423/mo in Needham, primarily driven by the current value of real estate in the Needham area. In Needham, 16.89% of households rent, and 33.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Needham is $17,535 per month. Households that rent pay about 13.82% of their income on rent here. Needham’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Newton Upper Falls, MA: equally priced homes
- Newton Highlands, MA: equally priced homes
- Waban, MA: higher priced homes
- Wellesley, MA: higher priced homes
- Newton Lower Falls, MA: equally priced homes
- Newton Center, MA: higher priced homes
- West Roxbury, MA: less expensive homes
- Dover, MA: higher priced homes
- Auburndale, MA: equally priced homes
- Chestnut Hill, MA: higher priced homes
Cities with Similar Populations
- Shelbyville, TN: less expensive homes
- Andover, MN: less expensive homes
- Oconomowoc, WI: less expensive homes
- Norwood, MA: less expensive homes
- O'Fallon, IL: less expensive homes
- Oak Ridge, TN: less expensive homes
- Oakdale, CA: less expensive homes
- Oakleaf Plantation, FL: less expensive homes
- Oakton, VA: less expensive homes
- Oceanside, NY: less expensive homes
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