HomeMassachusettsNorfolk CountyNeedham
Needham, Massachusetts: commercial real estate data.
Needham 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 since FY2020.
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$1,255,920
- 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
Counted by borrower city: approvals to borrowers whose address is in Needham, in any county, FY2020 to FY2026. Only 9 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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$674,000
- Largest approval$1,734,000
- Jobs supported125
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Needham, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Needham
Flood risk in Needham
- NFIP communityTown of Needham
- NFIP community number255215
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/08/25
The Town of Needham participates in the National Flood Insurance Program as community 255215 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Norfolk County, not Needham
Norfolk County context, not Needham figures
- Establishments in Norfolk County20,745
- Covered employment, Norfolk County346,327
- Average annual pay, Norfolk County$84,497
- Housing units permitted, Norfolk County1,224
Every figure in this section is published for Norfolk County as a whole and is not a measurement of Needham.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $13.9 m since FY2020, across 12 lenders, median approval $150,000, plus 8 504 approvals worth $6.8 m since FY2010. 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Needham in the National Flood Insurance Program?
Yes. Needham appears in the FEMA Community Status Book as Needham, town of, community 255215, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Needham figures?
No, and they are labeled 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?
No. Nothing on this page presents parcel level zoning.