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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 8.60% |
| Two Bedrooms | 15.20% |
| Three Bedrooms | 40% |
| Four Bedrooms | 27.70% |
| Five Bedrooms or more | 7% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $385,600 |
| Median Price asked for vacant units | $249,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.8 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $825 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 6% |
| Home Equity Loan | 12.80% |
| Simple Mortgage | 52% |
| Debt Free | 29.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.4% |
