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Needham CDP, MA

ZIP 02492 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02492

Median Home Value
$1,177,300
Median Rent
$2,140
Affordability Snapshot
$324,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$7,563/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

45.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 02492 in Needham CDP, MA, a household would need roughly $324,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $7,563. That is about 46% above the local median household income ($222,063), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
90.8%+39% vs US avg
x
Vacancy Rate
2.1%-79% vs US avg
x
Broadband Access
94.6%+9% vs US avg
x
4+ Bedrooms
21.0%+42% vs US avg
x
Built Pre-1939
7.2%-43% vs US avg
x
Built Post-2014
1.6%-77% vs US avg
x
Rent Burden >30%
21.8%-56% vs US avg
x
Mortgage-Free
31.2%-18% vs US avg
x
$1,177,300
Home Value
$2,140
Rent
1961
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached85.4%
  • 1-unit attached3.3%
  • 2-9 units3.7%
  • 10+ units7.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,177,300
Median rent$2,140
Owner-occupied90.8%
Vacant2.1%
Price-to-income5.3x
Est. income to buy$324,000