Housing & Real Estate — Needham, Massachusetts
Overview
| Total Housing Units | 11,754 |
|---|
| Occupied | 11,401 |
|---|
| Vacant | 353 |
|---|
| Owner-Occupied | 9,612 |
|---|
| Renter-Occupied | 1,789 |
|---|
| Median Home Value (Census) | $1,188,500 |
|---|
| Estimated 2026 | ~$1,293,000 |
|---|
| Median Rent | $2,412/mo |
|---|
| Median Property Tax | $10,001/yr |
|---|
Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | N/A |
|---|
| Rent as % of Income | N/A% |
|---|
| Severely Rent-Burdened | 46.9% |
|---|
Housing Age
| Built 2010 or later | 1,801 |
|---|
| Built 2000-2009 | 976 |
|---|
| Built 1990-1999 | 598 |
|---|
| Built before 1960 | 5,383 |
|---|
| Median Year Built | 1963 |
|---|
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
