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ZIP Code · MA

ZIP 02494

Part of Needham, MA
Pop. 11,035·Norfolk County·53rd most expensive ZIP in Massachusetts
Median rent (all units)
$3,100/mo
Year-over-Year
-7.7%
Month-over-Month
-5.8%
vs US Median
+$1,135
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 02494 · $3,100
More expensive than 91% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,440
1 BR
$2,560
2 BR
$3,040
3 BR
$3,640
4 BR+
$4,030
Research median
$3,040/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$37,200/yr
At $3,100/mo median
Location
StateMA
CountyNorfolk County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 7.7% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-7.7% YoY, -5.8% MoM), not inventory.
Demographics

Who lives here

ZIP 02494 (Needham, MA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 76.3% of residents hold a bachelor's degree or higher.

Population
11,035
Median income
$179,720
Median age
42.9
Renters
27.8%
Age distribution
25.9%
31.4%
13.1%
18.1%
Under 1825.9%
18–3411.5%
35–5431.4%
55–6413.1%
65+18.1%
Gender
47.7%
52.3%
Male47.7%
Female52.3%
Race & ethnicity
74.1%
13.7%
White74.1%
Black1.9%
Hispanic4.6%
Asian13.7%
Other5.7%
Education (25+)
12.3%
76.3%
No HS diploma4.2%
HS diploma7.2%
Some college12.3%
Bachelor's+76.3%
Housing tenure
72.2%
27.8%
Owner72.2%
Renter27.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 02494 in Needham, MA has changed in 5 years

Income
$153,285 → $179,720
up 17.2%
Population
10,881 → 11,035
up 1.4%
Renter share
25.9% → 27.8%
+1.9 pts
Bachelor's+
75.4% → 76.3%
+0.9 pts

Local incomes tracked alongside that move, going from a median of $153,285 in 2021 to $179,720 more recently. Headcount in the area went from 10,881 to 11,035 between 2021 and 2024, a 1.4% change. About 27.8% of households rent today, against 25.9% in 2021.

Community

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Local insights

Tips for renters in ZIP 02494

About renting in ZIP 02494

Last updated: July 20, 2026

ZIP code 02494 covers Needham, MA. The median rent here is $3,100/mo as of July 2026. A 1-bedroom rents for a median of $2,560/mo. A 2-bedroom rents for a median of $3,040/mo.

At 21% of local median household income ($179,720/yr), ZIP 02494 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 7.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02494?

As of July 20, 2026, the median monthly rent in ZIP 02494 (Needham, MA) is $3,100. This is based on aggregated data from public sources and community submissions.

How does ZIP 02494 rent compare to the US average?

ZIP 02494's median rent of $3,100/mo is $1,135 (58%) above the US national median of $1,965/mo.

How does ZIP 02494 compare to other ZIPs in Massachusetts?

ZIP 02494 is one of the pricier ZIP codes in Massachusetts, ranking #53 out of 168 ZIPs tracked at $3,100/mo.

How much income do you need to rent in ZIP 02494?

To keep rent at or below 30% of gross income, you would need to earn at least $124,000/year (~$60/hour full-time) to afford the median rent of $3,100/mo in ZIP 02494. The local median household income is $179,720/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 02494?

Rent in ZIP 02494 has decreased 7.7% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 02494 an affordable place to rent?

ZIP 02494 is considered very affordable for renters. At $3,100/mo, rent takes approximately 21% of the local median household income ($179,720/yr). The standard benchmark is 30%. ZIP 02494 falls comfortably within that range.

What percentage of ZIP 02494 residents rent vs. own?

According to Census data, approximately 27.8% of ZIP 02494 households are renters, while 72.2% are owner-occupied. ZIP 02494 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 02494 compare to the rest of Needham?

ZIP 02494 is more affordable than Needham overall. At $3,100/mo, it's $55 below the Needham citywide median of $3,155/mo.

When was rent data for ZIP 02494 last updated?

Rent data for ZIP 02494 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $3,100/mo, rent takes ~21% of ZIP 02494's median household income ($179,720/yr). The standard benchmark is 30%.

ZIP 02494 21%Benchmark 30%
State income tax5%
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Schools nearby

Public schools near ZIP 02494 (Needham, MA)

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