Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.8 yrs |
|---|---|
| Avg HH Size | 2.85 |
| Below Poverty | 4.1% ▼ 60% below avg |
| College Grads | 86.3% ▲ 123% above avg |
| Unemployment | 6.2% ▲ 26% above avg |
| No HS Diploma | 14 (0.1%) |
| HS Graduate | 947 (7.5%) |
| Some College | 328 (2.6%) |
| Associates | 454 (3.6%) |
| Bachelors | 327 (2.6%) |
| Graduate Degree | 10,603 (83.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $222,063 ▲ 191% above avg |
|---|---|
| Median Home Value | $1,177,300 ▲ 322% above avg |
| Home/Income Ratio | 5.3x (nat avg ~3.5x) |
| Median Rent | $2,256/mo |
| Total Housing Units | 7,500 |
| Vacant Units | 161 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Needham is a city in Massachusetts, located in Norfolk County. The city spans 1 ZIP code and is home to approximately 21,481 residents. It is a middle-aged city, with a median age of 42.8 years.
Economically, Needham is a affluent community. The median household income of $222,063 is more than double the national average. Approximately 4.1% of residents live below the poverty line. The unemployment rate is 6.2%, above the national average.
The real estate market in Needham is among the most expensive housing markets in the country. Median home values stand at $1,177,300, which is more than double the national average. Renters typically pay around $2,256 per month. Homeownership is high at 90.8%, typical of suburban and family-oriented communities.
The population of Needham is highly educated. 86.3% of adults hold a bachelor's degree or higher — more than double the national average. The community is primarily White (85.78%).
Needham, MA offers residents above-average earning potential within Massachusetts.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 02492 | 21,481 | $222,063 | $1,177,300 | $2,256 | 6.2% | 86.3% | 90.8% |