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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 ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle 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, MAMassachusettsU.S.
Total Housing Units10,829, see rank, 100%2,816,875132,741,033
Occupied Housing Units10,536, 97.29%, see rank90.12%87.55%
Owner Occupied8,688, 80.23%, see rank56.12%56.34%
Renter Occupied1,848, 17.07%, see rank33.99%31.21%
Vacant Housing Units293, 2.71%, see rank9.88%12.45%
For Rent0, 0.00%, see rank1.67%2.34%
For Sale Only63, 0.58%, see rank0.74%1.20%
Rented or Sold, Not Occupied35, 0.32%, see rank0.77%0.92%
For Seasonal, Recreational, or Occasional Use0, 0.00%, see rank4.29%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant195, 1.80%, see rank2.40%4.00%

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

Year Structure Built

Median Built Year, #121
Needham, MAMassachusettsU.S.
195719591976

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%MassachusettsU.S.
Owner-Occupied Units8,688100%1,580,93874,787,460
With a Mortgage6,23071.71%, see rank71.18%65.58%
Without a Mortgage2,45828.29%, see rank28.82%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 CostsNeedham, MA%MassachusettsU.S.
$299 or Less180.29%, see rank0.09%0.20%
$300 to $499230.37%, see rank0.49%1.59%
$500 to $69900.00%, see rank1.47%5.01%
$700 to $999801.28%, see rank4.74%14.32%
$1,000 to $1,4993074.93%, see rank16.44%27.90%
$1,500 to $1,9994827.74%, see rank22.84%20.35%
$2,000 to $2,9991,93831.11%, see rank34.83%19.52%
$3,000 or More3,38254.29%, see rank19.10%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%MassachusettsU.S.
10% or Less3986.39%, see rank5.29%5.86%
10% to 20%2,11133.88%, see rank29.25%31.95%
20% to 30%1,63626.26%, see rank29.39%27.64%
30% to 40%1,01216.24%, see rank14.83%13.74%
40% or More98915.87%, see rank20.86%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 CostsNeedham, MA%MassachusettsU.S.
$199 or Less994.03%, see rank1.57%7.76%
$200 to $299311.26%, see rank2.45%14.70%
$300 to $499210.85%, see rank16.27%34.63%
$500 to $6991134.60%, see rank28.91%21.16%
$700 or More2,19489.26%, see rank50.80%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%MassachusettsU.S.
10% or Less98139.91%, see rank31.52%40.19%
10% to 20%71228.97%, see rank31.52%31.47%
20% to 30%29311.92%, see rank14.65%12.24%
30% to 40%1666.75%, see rank7.86%5.64%
40% or More28211.47%, see rank13.41%9.16%

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

Units in Structure

 Needham, MAMassachusettsU.S.
Total Housing Units10,829, 100%2,816,875132,741,033
1-unit, Detached8,208, 75.80%, see rank52.24%61.65%
1-unit, Attached395, 3.65%, see rank5.19%5.82%
2 Units692, 6.39%, see rank10.16%3.75%
3 or 4 Units200, 1.85%, see rank10.94%4.43%
5 to 9 Units207, 1.91%, see rank5.95%4.78%
10 or More Units1,127, 10.41%, see rank14.65%13.08%
Mobile Home, Boat, RV, Van, etc.0, 0.00%, see rank0.87%6.49%

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

Rooms

 Needham, MAMassachusettsU.S.
Total Housing Units10,829, 100%2,816,875132,741,033
1 Room145, 1.34%, see rank2.33%1.95%
2 Rooms126, 1.16%, see rank3.02%2.48%
3 Rooms683, 6.31%, see rank10.03%9.13%
4 Rooms768, 7.09%, see rank15.77%16.60%
5 Rooms758, 7.00%, see rank18.26%20.41%
6 Rooms1,237, 11.42%, see rank17.63%18.06%
7 Rooms1,749, 16.15%, see rank12.23%12.27%
8 Rooms2,115, 19.53%, see rank9.28%8.48%
9 Rooms or More3,248, 29.99%, see rank11.45%10.60%
Median Rooms7.50, see rank5.505.50

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

Bedrooms

 Needham, MAMassachusettsU.S.
Total Housing Units10,829, 100%2,816,875132,741,033
No Bedroom177, 1.63%, see rank2.56%2.17%
1 Bedroom838, 7.74%, see rank14.08%11.16%
2 Bedrooms1,470, 13.57%, see rank28.19%26.69%
3 Bedrooms3,616, 33.39%, see rank34.72%39.70%
4 Bedrooms3,540, 32.69%, see rank16.00%16.05%
5 or More Bedrooms1,188, 10.97%, see rank4.45%4.22%

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

House Heating Fuel

 Needham, MAMassachusettsU.S.
Total Housing Units10,536, 100%2,538,485116,211,092
Utility Gas4,740, 44.99%, see rank49.70%48.85%
Bottled, Tank, or LP Gas203, 1.93%, see rank2.86%4.86%
Electricity936, 8.88%, see rank14.23%36.68%
Fuel Oil, Kerosene, etc.4,469, 42.42%, see rank30.36%5.86%
Coal or Coke0, 0.00%, see rank0.13%0.12%
Wood76, 0.72%, see rank1.69%2.12%
Solar Energy0, 0.00%, see rank0.03%0.05%
Other Fuel52, 0.49%, see rank0.65%0.47%
No Fuel Used60, 0.57%, see rank0.35%1.00%

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

Gross Rent

Monthly RentalNeedham, MAMassachusettsU.S.
Occupied Units Paying Rent1,641, 100%924,80939,201,928
$199 or Less49, 2.99%, see rank2.07%1.50%
$200 to $299155, 9.45%, see rank5.74%3.18%
$300 to $499186, 11.33%, see rank7.69%7.37%
$500 to $69948, 2.93%, see rank8.07%16.01%
$700 to $99978, 4.75%, see rank20.08%29.17%
$1,000 to $1,499362, 22.06%, see rank31.42%26.88%
$1,500 to $1,999310, 18.89%, see rank15.67%9.79%
$2,000 or More453, 27.61%, see rank9.27%6.10%
Median$1,432, see rank$1,088$920

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

Vehicle Available

 Needham, MAMassachusettsU.S.
Occupied Housing Units10,536, 100%2,538,485116,211,092
No Vehicles Available406, 3.85%, see rank12.57%9.12%
1 Vehicles Available2,840, 26.96%, see rank36.07%33.80%
2 Vehicles Available5,479, 52.00%, see rank36.51%37.48%
3 or More Vehicles Available1,811, 17.19%, see rank14.84%19.61%

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


 
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