Similar to the surrounding areas, it is substantially more expensive compared to the rest of the country. Compared to the city of Boston, it is significantly more expensive.
Home prices
Needham's median home cost is $855,300. In comparison to other places in this area it is approximately $26,700 (3%) lower.It is approximately $637,800 (293%) higher in comparison to the rest of the nation, and it is approximately $322,600 (60%) higher compared to the city of Boston.
Rents
Needham's median rent is $1,483 per month. This is approximately $705 (32%) lower compared to the surrounding areas.In comparison to the nation as a whole it is approximately $421 (39%) higher, and in comparison to the city of Boston is about $137 (8%) lower.
Nearby places
Wellesley
Wellesley is Needham's neighbor to the northwest. Its real estate prices are a bit more expensive. The median home price in Wellesley is $1,149,100, which comes out to $293,800 (25%) higher than Needham. Its rents are a bit more expensive. Wellesley's median rent is $1,938 per month, which comes out to $455 (23%) higher than Needham.
Dover
Dover is Needham's neighbor to the southwest. The housing prices there are a bit more expensive. The median home value in Dover is $951,800, which works out to $96,500 (10%) higher than Needham. Its rents are a lot more expensive. The median monthly rent in Dover is $3,125, which comes out to $1,642 (52%) higher than Needham.
Dedham
Dedham is Needham's neighbor to the southeast. Its real estate prices are substantially less expensive. The median home in Dedham costs $461,200, which comes out to $394,100 (85%) lower than Needham. Rent there is a bit more expensive. Dedham's median rent is $1,669 per month, which is $186 (11%) higher than Needham.
Newton
Newton is Needham's neighbor to the northeast. Its real estate prices are somewhat more expensive. Newton's median home price is $914,700, which comes out to $59,400 (6%) higher than Needham. Rent there is a bit more expensive. Newton's median rent is $1,940 a month, which works out to $457 (23%) higher than Needham.
Brookline
Brookline is about 5 miles northeast from Needham. Its housing prices are a little more expensive. The median home in Brookline is valued at $933,200, which works out to $77,900 (8%) higher than Needham. Rents there are significantly more expensive. The median monthly rent in Brookline is $2,268, which works out to $785 (34%) higher than Needham.
