Needham is a town in Norfolk County, Massachusetts, United States in the Boston metro area. It is home to Olin College of Engineering, an engineering school. Needham was first settled in 1680 with the purchase of a tract of land. It was officially incorporated in 1711. According to the United States Census Bureau, the town has a total area of 12.7 square miles (32.9 km²)
The population was 28,886 at the 2010 United States Census, among which 89.1% were whites and 6.1% were Asians. The median age of the population is 43.0. For population 25 years and over in Needham, 64.9% has a bachelor’s degree or higher and 33.5% has a graduate or professional degree. The most common occupations for male are other management occupations except farmers and farm managers (7%), top executives (7%) , lawyers (6%) , computer specialists (6%) and sales representatives, services, wholesale and manufacturing (5%).
The median household income in Needham in 2009 was $117,650, and the median per capita income in 2009 was $57,564. The median Asian household income in Needham was $181,677in 2009. 27% of Needham families had an annual income above $200,000, and 13% of families had an annual income between $150,000 to $200,000. The estimated median house or condo value in 2009 was $607,357. The criminal index in 2009 Needham was 53.2 (U.S. average: 319.1), which was pretty low.
The Town of Needham operates one high school, Needham High School, which underwent a $62-million renovation that was completed in 2009, one middle school, William F. Pollard Middle School, for seventh and eighth grade, High Rock School, for sixth grade only, and five elementary schools for grades K-5, which are John Eliot Elementary School, Hillside Elementary School, Mitchell Elementary School, Newman Elementary School and Broadmeadow Elementary School. According to the Massachusetts high school ranking conducted by Boston Magazine, Needham High School was ranked 14th within Massachusetts in 2012. Students have the opportunity to take Advanced Placement coursework and exams. The AP participation rate at Needham High School is 56 percent.
Needham is served by three MBTA commuter rail stations – Silver Hill, Kendall Green, and Hastings – all on the Fitchburg Line. All are small, limited-service stops. The MBTA’s long-term plan is to consolidate these stations into one intermodal station near Route 128/I-95.
Please download May 2018 Needham Market Report provided by The Greater Boston Association of Realtors.