Needham, MA Real Estate

According to census data in the year 2000 there were 10,846 housing units in Needham. This represents a 4.2% growth from 10,405 in 1990.

Of those housing units, 10,600 were located in either urbanized areas or urban clusters, and 246 were located in what is classified as a rural area.

Homeownership rate in Needham is about 80.9%. Needham's vacancy rate, including seasonal lodging, is about 2.2%. Average household size is 2.63 people.

The majority of houses, apartments or condos in Needham were built after 1954.


Housing Size

Housing Units by Size
Studio Type1.40%
One Bedroom8.60%
Two Bedrooms15.20%
Three Bedrooms40%
Four Bedrooms27.70%
Five Bedrooms or more7%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.83
Median year structure was built1953
Median Value of occupied units$385,600
Median Price asked for vacant units$249,000

Rented Homes, Apartments and Condos

Average Household Size1.8
Median year structure was built1965
Median Monthly Rent asked for vacant units$825

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage6%
Home Equity Loan12.80%
Simple Mortgage52%
Debt Free29.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.4%