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Advertise here →Needham, MA · Market Data
Needham, Massachusetts real estate market data.
Real estate market data for Needham, MA (Norfolk County) — Census median home value $1,146,000, county listing prices down about 4.9% over the past year.
Needham, MA is in Norfolk County, Massachusetts — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 32,059, with a median household income of $212,241. Census data puts Needham's median home value at $1,146,000 (all owner-occupied homes); Norfolk County's current median listing price runs $874,500, down about 4.9% over the past year.
At a glance
Needham market snapshot
Population
32,059
Median Household Income
$212,241
Median Home Value (city)
$1,146,000
Median Listing Price (Norfolk County)
$874,500
Median Gross Rent
$2,412/mo
Price Trend (YoY)
-4.9%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Needham different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Needham's median home value — across all owner-occupied homes, not just recent sales — at $1,146,000. Separately, Norfolk County's current median listing price (via Realtor.com data, 2026-06-01) runs $874,500. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Norfolk County's FHFA house price index shows a 2.98% annual change in 2025.
Population & Income
Needham has an estimated population of 32,059 and a median household income of $212,241, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Needham's Census-reported median home value works out to about 5.4x the area's median household income, and median gross rent runs roughly 14% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Needham FAQ
What are home values like in Needham, MA?
The Census Bureau's American Community Survey puts Needham's median home value at $1,146,000. Norfolk County's current median listing price runs $874,500, down about 4.9% over the past year.
What is the population of Needham, MA?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Needham's population at approximately 32,059.
What's the median rent in Needham, MA?
The Census ACS estimates median gross rent in Needham at approximately $2,412 per month.
What is the median household income in Needham, MA?
Census ACS data puts the median household income in Needham at approximately $212,241.
Is the Needham housing market growing?
Norfolk County's FHFA house price index shows a 2.98% annual change in 2025.
Is Needham, MA affordable relative to income?
Census ACS data puts Needham's median home value at about 5.4 times the median household income, with median gross rent equal to roughly 14% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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