Most Expensive Needham Neighborhoods
Needham is a medium-sized town located in the state of Massachusetts. With a population of 30,205 people and five constituent neighborhoods, Needham is the 56th largest community in Massachusetts.
Needham home prices are not only among the most expensive in Massachusetts, but Needham real estate also consistently ranks among the most expensive in America.
Needham is a decidedly white-collar town, with fully 94.45% of the workforce employed in white-collar jobs, well above the national average. Overall, Needham is a town of professionals, managers and sales and office workers. There are especially a lot of people living in Needham who work in management occupations (17.31%), sales jobs (11.13%) and business and financial occupations (10.36%).
Also of interest is that Needham has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 7.69% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Needham is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Because of many things, Needham is a great place for families with children to consider. First of all, many other families with children live here, making Needham a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Needham has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Needham’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
One downside of living in Needham, however, is that residents on average have to contend with a long commute, spending on average 30.58 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.
Like elsewhere in America, most people in Needham use a private automobile to get to work. But notably, a substantial number of Needham‘s citizens do make use of public transit in their daily commute, primarily riding the train. This helps more people get to work with less air pollution, and require fewer highways to get them there.
Do you like to read, write and learn? If you move to Needham, you'll likely find that many of your neighbors like to as well. Needham is one of the more educated communities in America, with a full 74.11% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Needham in 2010 was $62,497, which is wealthy relative to Massachusetts and the nation. This equates to an annual income of $249,988 for a family of four.
The people who call Needham home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Needham residents report their race to be White, followed by Asian. Important ancestries of people in Needham include Irish, Italian, English, Russian, German and Polish.
The most common language spoken in Needham is English. Other important languages spoken here include Russian and Chinese.
|NUMBER OF HOMES AND APARTMENTS||10,536|
|NEEDHAM HOME OWNERSHIP|
|% OWNER OCCUPIED||79.90%|
|% RENTER OCCUPIED||20.11%|
|TYPE OF NEEDHAM HOMES|
|SINGLE FAMILY DETACHED||75.80%|
|ROWHOUSES AND ATTACHED HOMES||3.65%|
|SMALL APARTMENT BUILDINGS||8.24%|
|COMPLEXES OR HIGH RISE APARTMENTS||12.32%|
|SIZE OF NEEDHAM HOMES|
|5 OR MORE BEDROOMS||10.97%|
|AGE OF NEEDHAM HOMES|
|NEWER HOMES (2000 OR LATER)||12.17%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||20.27%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||41.44%|
|HISTORIC (1939 OR BEFORE)||26.12%|
|NEEDHAM REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$765,830|
|MEDIAN RENTAL PRICE||$1,768|
|HOME VALUE RANGE|
|$0 - $58,000||1.09%|
|$58,001 - $116,000||1.12%|
|$116,001 - $231,000||0.78%|
|$231,001 - $347,000||1.24%|
|$347,001 - $462,000||5.19%|
|$462,001 - $578,000||8.24%|
|$578,001 - $867,000||47.87%|
|$867,001 - $1,156,000||17.86%|
|PEOPLE OF NEEDHAM||DETAILS|
|UNDER 5 YEARS||7.01%|
|5 TO 17||20.15%|
|18 TO 24||5.53%|
|25 TO 34||6.93%|
|35 TO 54||28.95%|
|55 TO 64||14.13%|
|65 YEARS AND OVER||17.30%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||97.94%|
|MEDIAN HOUSEHOLD INCOME||$129,154|
|PER CAPITA INCOME||$62,497|
|INDIVIDUALS BELOW POVERTY LEVEL||3.15%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (18.45%)
Real estate (3.37%)
Information Technology (2.73%)
|BLACK OR AFRICAN AMERICAN||2.15%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.00%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.20%|
|TWO OR MORE RACES||2.54%|
|HISPANIC OR LATINO (OF ANY RACE)||2.53%|
|ETHNICITIES PRESENT||Irish (25.01%)
Eastern European (2.37%)
|LANGUAGES SPOKEN||English (84.72%)
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