Needham, MA
Maps & Population Facts
Population
30,429
Population Density
2,474
Labor Participaton
66.1%
Bachelor's or Higher
74.6%
Median Household Income
$141,690
Median Individual Income
$65,629
Median Individual Income(Full-time Workers Only)
$102,091
Housing Estimates
Median House Value
$752,000
Median Gross Rent
$1,457
Median Mortgage Payment
$3,427
Housing Units
10,963
People who reside in Needham live in:
Detached - Single Family Homes
77%
Apt, Condo, Other
23%
Analysis
Income
Households in Needham earn significantly more money than the national median income, averaging 1.35% higher per household.
Housing
Needham has a median house price of $752,000, which makes it one of the most expensive places in the United States to own property. The cost of renting in Needham is 44% more than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 14% |
Demographics
The median age in Needham is 44. Needham has a population that is significantly older than in comparison to the US median age.
Needham ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
| Needham | Massachusetts | USA | |
| Median Property Value | 752,000 | 385,400 | 217,600 |
| Median Mortgage Payment | 3,427 | 2,108 | 1,513 |
| Median Gross Rent | 1,457 | 1,208 | 1,012 |
| Property Vacancy | 2.8% | 10.0% | 12.6% |
| % Renters | 17% | 38% | 36% |
| Residents per Sq. Mi. | 2,474 | 885 | 93 |
Personal Comparison
| Needham | Massachusetts | USA | |
| Median Household Income | 141,690 | 77,385 | 60,336 |
| Median Individual Income | 65,629 | 41,700 | 33,646 |
| Median Income (Full-Time) | 102,091 | 60,923 | 46,881 |
| Median Age | 43.6 | 39.5 | 38.1 |
| Labor Participation | 66.1% | 67.8% | 62.8% |
| Attained College Degree | 74.6% | 43.4% | 32.0% |
Population Density Analysis
Needham, MA
2,474
Residents per Sq. Mile
The population density of Needham is comparable to that of a Suburban Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +