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Needham, MA Housing

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As of 2010-2014, median price of a house in Needham is $668,900, which is much higher than the state average of $329,900 and is much higher than the national average of $175,700. The Needham median house value has grown by 73.47% since 2000. The growth rate for the price of a house in Needham is lower than the state average rate of 77.65% and is higher than the national average rate of 46.91%. The median year that a house in Needham was built is 1957, which is older than the median year for a house built in the state which is 1959 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 8,688 Owner Occupied Houses in Needham, MA, #15

Needham, MA	668,900 USD
Massachusetts	329,900 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #112

Needham, MA	73.47%
Massachusetts	77.65%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Needham, MA	Massachusetts	U.S.
Total Housing Units	10,829, see rank, 100%	2,816,875	132,741,033
Occupied Housing Units	10,536, 97.29%, see rank	90.12%	87.55%
Owner Occupied	8,688, 80.23%, see rank	56.12%	56.34%
Renter Occupied	1,848, 17.07%, see rank	33.99%	31.21%
Vacant Housing Units	293, 2.71%, see rank	9.88%	12.45%
For Rent	0, 0.00%, see rank	1.67%	2.34%
For Sale Only	63, 0.58%, see rank	0.74%	1.20%
Rented or Sold, Not Occupied	35, 0.32%, see rank	0.77%	0.92%
For Seasonal, Recreational, or Occasional Use	0, 0.00%, see rank	4.29%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	195, 1.80%, see rank	2.40%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #121

Needham, MA	Massachusetts	U.S.
1957	1959	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Needham, MA	%	Massachusetts	U.S.
Owner-Occupied Units	8,688	100%	1,580,938	74,787,460
With a Mortgage	6,230	71.71%, see rank	71.18%	65.58%
Without a Mortgage	2,458	28.29%, see rank	28.82%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Needham, MA	3,137 USD
Massachusetts	2,095 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Needham, MA	%	Massachusetts	U.S.
$299 or Less	18	0.29%, see rank	0.09%	0.20%
$300 to $499	23	0.37%, see rank	0.49%	1.59%
$500 to $699	0	0.00%, see rank	1.47%	5.01%
$700 to $999	80	1.28%, see rank	4.74%	14.32%
$1,000 to $1,499	307	4.93%, see rank	16.44%	27.90%
$1,500 to $1,999	482	7.74%, see rank	22.84%	20.35%
$2,000 to $2,999	1,938	31.11%, see rank	34.83%	19.52%
$3,000 or More	3,382	54.29%, see rank	19.10%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Needham, MA	23.00% of the Total Income
Massachusetts	24.60% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Needham, MA	%	Massachusetts	U.S.
10% or Less	398	6.39%, see rank	5.29%	5.86%
10% to 20%	2,111	33.88%, see rank	29.25%	31.95%
20% to 30%	1,636	26.26%, see rank	29.39%	27.64%
30% to 40%	1,012	16.24%, see rank	14.83%	13.74%
40% or More	989	15.87%, see rank	20.86%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Needham, MA	1,001 USD
Massachusetts	707 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Needham, MA	%	Massachusetts	U.S.
$199 or Less	99	4.03%, see rank	1.57%	7.76%
$200 to $299	31	1.26%, see rank	2.45%	14.70%
$300 to $499	21	0.85%, see rank	16.27%	34.63%
$500 to $699	113	4.60%, see rank	28.91%	21.16%
$700 or More	2,194	89.26%, see rank	50.80%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Needham, MA	12.50% of the Total Income
Massachusetts	14.90% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Needham, MA	%	Massachusetts	U.S.
10% or Less	981	39.91%, see rank	31.52%	40.19%
10% to 20%	712	28.97%, see rank	31.52%	31.47%
20% to 30%	293	11.92%, see rank	14.65%	12.24%
30% to 40%	166	6.75%, see rank	7.86%	5.64%
40% or More	282	11.47%, see rank	13.41%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Needham, MA	Massachusetts	U.S.
Total Housing Units	10,829, 100%	2,816,875	132,741,033
1-unit, Detached	8,208, 75.80%, see rank	52.24%	61.65%
1-unit, Attached	395, 3.65%, see rank	5.19%	5.82%
2 Units	692, 6.39%, see rank	10.16%	3.75%
3 or 4 Units	200, 1.85%, see rank	10.94%	4.43%
5 to 9 Units	207, 1.91%, see rank	5.95%	4.78%
10 or More Units	1,127, 10.41%, see rank	14.65%	13.08%
Mobile Home, Boat, RV, Van, etc.	0, 0.00%, see rank	0.87%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Needham, MA	Massachusetts	U.S.
Total Housing Units	10,829, 100%	2,816,875	132,741,033
1 Room	145, 1.34%, see rank	2.33%	1.95%
2 Rooms	126, 1.16%, see rank	3.02%	2.48%
3 Rooms	683, 6.31%, see rank	10.03%	9.13%
4 Rooms	768, 7.09%, see rank	15.77%	16.60%
5 Rooms	758, 7.00%, see rank	18.26%	20.41%
6 Rooms	1,237, 11.42%, see rank	17.63%	18.06%
7 Rooms	1,749, 16.15%, see rank	12.23%	12.27%
8 Rooms	2,115, 19.53%, see rank	9.28%	8.48%
9 Rooms or More	3,248, 29.99%, see rank	11.45%	10.60%
Median Rooms	7.50, see rank	5.50	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Needham, MA	Massachusetts	U.S.
Total Housing Units	10,829, 100%	2,816,875	132,741,033
No Bedroom	177, 1.63%, see rank	2.56%	2.17%
1 Bedroom	838, 7.74%, see rank	14.08%	11.16%
2 Bedrooms	1,470, 13.57%, see rank	28.19%	26.69%
3 Bedrooms	3,616, 33.39%, see rank	34.72%	39.70%
4 Bedrooms	3,540, 32.69%, see rank	16.00%	16.05%
5 or More Bedrooms	1,188, 10.97%, see rank	4.45%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Needham, MA	Massachusetts	U.S.
Total Housing Units	10,536, 100%	2,538,485	116,211,092
Utility Gas	4,740, 44.99%, see rank	49.70%	48.85%
Bottled, Tank, or LP Gas	203, 1.93%, see rank	2.86%	4.86%
Electricity	936, 8.88%, see rank	14.23%	36.68%
Fuel Oil, Kerosene, etc.	4,469, 42.42%, see rank	30.36%	5.86%
Coal or Coke	0, 0.00%, see rank	0.13%	0.12%
Wood	76, 0.72%, see rank	1.69%	2.12%
Solar Energy	0, 0.00%, see rank	0.03%	0.05%
Other Fuel	52, 0.49%, see rank	0.65%	0.47%
No Fuel Used	60, 0.57%, see rank	0.35%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Needham, MA	Massachusetts	U.S.
Occupied Units Paying Rent	1,641, 100%	924,809	39,201,928
$199 or Less	49, 2.99%, see rank	2.07%	1.50%
$200 to $299	155, 9.45%, see rank	5.74%	3.18%
$300 to $499	186, 11.33%, see rank	7.69%	7.37%
$500 to $699	48, 2.93%, see rank	8.07%	16.01%
$700 to $999	78, 4.75%, see rank	20.08%	29.17%
$1,000 to $1,499	362, 22.06%, see rank	31.42%	26.88%
$1,500 to $1,999	310, 18.89%, see rank	15.67%	9.79%
$2,000 or More	453, 27.61%, see rank	9.27%	6.10%
Median	$1,432, see rank	$1,088	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Needham, MA	Massachusetts	U.S.
Occupied Housing Units	10,536, 100%	2,538,485	116,211,092
No Vehicles Available	406, 3.85%, see rank	12.57%	9.12%
1 Vehicles Available	2,840, 26.96%, see rank	36.07%	33.80%
2 Vehicles Available	5,479, 52.00%, see rank	36.51%	37.48%
3 or More Vehicles Available	1,811, 17.19%, see rank	14.84%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.