Needham MA Real Estate

Needham Real Estate

 

About Needham MA

This city of 28,000 residents is located just 10 miles west of South Boston at the intersection of Routes 128 and Highland Avenue. The town of Wellesley is a few miles northwest of Braintree.

Needham’s population averages 41 years which is above the state average. Median household income was $88,000 and median homes values in the city were $385,000 in census year 2000. 85% of homes are owner occupied with 15% occupied by renters. Also in 2000, the median rental payment for apartments or condos was almost $1300 per month.  Almost half of homeowners in Needham have a mortgage and five percent have a second mortgage.  2004 and 2005 saw continued significant construction projects with the city issuing more than 120 building construction permits.

Needham residents are also well educated. 96% hold a high school diploma while 65% have achieved a bachelor’s degree or better. Average commute time to work is 27 minutes.

Towns near to Needham are Newton, Wellesley, and Dedham MA.