HomeMassachusettsNorfolk CountyNeedham CDP
Needham CDP, Massachusetts: commercial real estate data.
Needham CDP is a Census CDP of 32,459 people across 12.30 square miles of land, in Norfolk County. Median household income is $214,308, 83.1 percent of occupied homes are owned, and the SBA record carries 37 7(a) approvals to borrowers here worth $13.9 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Needham
What Needham is
- Census place typeCDP
- Land area12.3 sq mi
- Water area0.42 sq mi
- Population per square mile of land2,639
- County holding the largest share of its areaNorfolk County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Needham
How many people live in Needham
- Population32,459
- Median age43.1
- Population under 188,919
- Share under 1827.5 percent
- Population 65 and over5,733
- Share 65 and over17.7 percent
- Households11,586
- Family households9,087
- Share of households that are families78.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Needham
Income and work in Needham
- Median household income$214,308
- Per capita income$102,328
- Civilian labor force16,759
- Employed16,025
- Unemployed734 plus or minus 237
- Unemployment rate4.4 percent plus or minus 1.4
- Adults 25 and over21,200
- Adults 25 and over with a high school diploma or higher97.7 percent
- Adults 25 and over with a bachelor degree or higher81.9 percent
- Adults 25 and over with a graduate degree49.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Needham
Housing in Needham
- Housing units11,929
- Occupied units11,586
- Vacant units343 plus or minus 194
- Vacancy rate2.9 percent plus or minus 1.6
- Owner occupied9,632
- Renter occupied1,954
- Ownership rate83.1 percent
- Median owner-occupied home value$1,188,500
- Median gross rent, monthly$2,409
- Annual rent as a share of median income13.5 percent
- Single family units9,494
- Share single family79.6 percent
- Units in buildings of two or more2,422
- Share in buildings of two or more20.3 percent
- Mobile homes13 plus or minus 19
- Median year structure built1965
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Needham
How Needham gets to work
- Workers 16 and over who commute10,631
- Commuting under 15 minutes2,459
- Share commuting under 15 minutes23.1 percent
- Commuting 30 minutes or more5,055
- Share commuting 30 minutes or more47.5 percent
- Drove alone52.7 percent
- Carpooled4.4 percent plus or minus 1.5
- Public transport7.6 percent plus or minus 1.6
- Walked2.2 percent plus or minus 0.8
- Worked from home32.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Needham
SBA loans in Needham (7(a))
- Approvals37
- Gross approval$13,901,800
- Average approval$375,724
- Median approval$150,000
- Ninetieth percentile approval$1,317,300
- Largest approval$2,610,000
- Jobs supported293
- Jobs per approval7.9
- Loans with a final outcome9
- Paid in full9
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more2.7 percent
- Share to franchises8.1 percent
- Distinct lenders12
- Distinct industries by NAICS23
A charge-off rate is not published here. only 9 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Needham
SBA loans in Needham (504)
- Approvals8
- Gross approval$6,793,000
- Average approval$849,125
- Median approval$729,000
- Largest approval$1,734,000
- Jobs supported125
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Norfolk County, not Needham
Norfolk County context, not Needham figures
These are Norfolk County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Needham measurements.
- Establishments in Norfolk County20,745
- Employment at those establishments, Norfolk County337,287
- Covered employment, Norfolk County346,327
- Average annual pay, Norfolk County$84,497
- Average weekly wage, Norfolk County$1,625
- Housing units permitted, Norfolk County1,224
- Of those, single family, Norfolk County647
- County product, 2024, Norfolk County$75,071,231,000
- County product change over the prior year, Norfolk County5.1 percent
- Average income of an arriving household, Norfolk County$141,216
Every figure in this section is published for Norfolk County as a whole and is not a measurement of Needham. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Needham questions, answered from the record.
How many people live in Needham, Massachusetts?
32,459, in 11,586 households. Needham CDP covers 12.30 square miles of land, which is 2,639 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Needham in?
Norfolk County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Needham?
$214,308. The median owner-occupied home is valued at $1,188,500. Median gross rent is $2,409 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Needham businesses?
37 7(a) approvals totalling $13.9 m, across 12 lenders, median approval $150,000, plus 8 504 approvals worth $6.8 m. These count approvals to borrowers whose address is in Needham, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Needham borrowers get paid back?
No rate is published for Needham. only 9 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Needham figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Norfolk County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Needham.
Is zoning published for Needham?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.