Rental market snapshot for Needham, Massachusetts

Needham, Massachusetts Rental Property Market Overview

Needham, Massachusetts is a town located in Norfolk County, with a population of 30,948 as of 2021, according to the US Census. It is a suburban town located about 15 miles southwest of Boston, and is known for its excellent schools, vibrant downtown, and strong sense of community. Needham is home to a variety of businesses, restaurants, and parks, making it a great place to live and work.

The average rent for an apartment in Needham is $3,534. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Needham Massachusetts | Cost of Living

  • The most expensive ZIP code in Needham is 02492 with an average price of $4,306.
  • The cheapest ZIP code in Needham is 02494 with an average price of $3,442.

Needham ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
102492$4,306
202494$3,442

Live near Needham, Massachusetts's Top Sights and Attractions

Memorial Park is a large outdoor space located in Needham, Massachusetts. It features a variety of amenities, including a playground, walking trails, picnic areas, and a pond. The park also has a memorial to honor those who have served in the military. The park is well-maintained and provides a peaceful atmosphere for visitors to enjoy.

Defazio Complex is a popular outdoor recreation area located in Needham, Massachusetts. It features a variety of activities for all ages, including a large playground, a basketball court, a baseball field, a volleyball court, a soccer field, and a walking path. The complex also has a picnic area with tables and grills, and a concession stand. The complex is open year-round and is a great place to spend time with family and friends.

High Rock Town Forest is a scenic outdoor area located in Needham, Massachusetts. It features a variety of trails for hiking, biking, and horseback riding, as well as a pond for fishing and canoeing. The forest is filled with lush vegetation, including a variety of trees, shrubs, and wildflowers. There are also several scenic overlooks, offering stunning views of the surrounding area. Visitors can also enjoy picnicking, bird watching, and wildlife viewing.

Memorial Park is a large outdoor space located in Needham, Massachusetts. It features a variety of amenities, including a playground, walking trails, picnic areas, and a pond. The park also has a memorial to honor those who have served in the military. The park is well-maintained and provides a peaceful atmosphere for visitors to enjoy.

Harris Ave Median is a picturesque park located in Needham, Massachusetts. It features a large grassy area with a variety of trees, shrubs, and flowers, as well as a paved walking path that winds through the park. The park also has a playground, picnic tables, and benches for visitors to enjoy. The park is a great place to relax and take in the beauty of the surrounding area.

Needham Park Land is a large outdoor area with plenty of activities for visitors to enjoy. It features a large pond with a beach, a playground, a picnic area, and a walking trail. There are also several sports fields, including a baseball diamond, basketball court, and soccer field. The park also has a variety of trees and shrubs, providing plenty of shade and a peaceful atmosphere. Visitors can also enjoy the views of the surrounding area, as the park is located on a hill.

Cutler Park is a scenic park located in Needham, Massachusetts. It features a variety of outdoor activities, including walking trails, a playground, and a pond. The park is surrounded by lush trees and vegetation, making it a great spot for a peaceful stroll or a picnic. There are also plenty of benches and picnic tables scattered throughout the park, perfect for relaxing and taking in the scenery.

Heights Common is a picturesque park located in a residential area. It features a large grassy area, a playground, a gazebo, and a pond. The pond is home to ducks, geese, and other wildlife. There are also walking trails and benches throughout the park, making it a great spot for a leisurely stroll or a picnic. The park is a popular destination for families, couples, and individuals looking for a peaceful escape from the hustle and bustle of everyday life.

Riverside Terrace is a scenic outdoor area located along the Charles River. It features a large grassy area with plenty of seating, perfect for picnics and outdoor activities. There is also a walking path along the river, with views of the surrounding area. The terrace is a popular spot for fishing, kayaking, and canoeing, and it's a great place to watch the sunset.

Rebecca Perry Park is a beautiful outdoor space located in a quiet suburban neighborhood. It features a large grassy area with plenty of trees for shade, a playground with swings and slides, a basketball court, and a walking path. The park also has a picnic area with tables and grills, perfect for a family gathering or a summer barbecue. The park is well-maintained and provides a great place for people of all ages to relax and enjoy the outdoors.

Needham, Massachusetts area median rent change by ZIP code map

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How does Needham compare to other cities in Massachusetts?

citymedian price
Burlington$2,900
Chelsea$2,727
Woburn$2,613
Foxborough$2,600
Norwood$2,525
Northampton$2,356
Auburn$2,250
Boxborough$1,365

Average household income in Needham area graph - US Census

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The median household income in Needham in 2021 was $182,813. This represents a 46.1% change from 2011 when the median was $125,170.

#categorypercent
0Less than $10,0001.8%
1$10,000 to $14,9991.7%
2$15,000 to $19,9992.2%
3$20,000 to $24,9990.1%
4$25,000 to $29,9990.9%
5$30,000 to $34,9994.1%
6$35,000 to $39,9990.4%
7$40,000 to $44,9992.8%
8$45,000 to $49,9991.2%
9$50,000 to $59,9993.0%
10$60,000 to $74,9994.5%
11$75,000 to $99,9997.7%
12$100,000 to $124,9998.0%
13$125,000 to $149,9996.3%
14$150,000 to $199,99911.2%
15$200,000 or more44.0%

Neighborhoods in Needham

We currently do not have this data but we are working to add this soon.

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Needham is $3,534.
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