Housing costs in Needham?
A typical home costs
$287,300, which is 15.0% less expensive than the national average of
$338,100 and 29.6% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Needham costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and 9.3% more than the state average of
$980.
Can I afford Needham?
To live comfortably in Needham (zip 46162), Indiana, a minimum annual income of
$55,080 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Needham?
The cost of living in 46162 Needham, IN is quite low compared to the national average. According to data from Sperling's Best Places, the overall cost of living in this zip code is about 14% lower than the national average. In particular, housing costs are notably low, with median home prices being around $67,000 and median rent at $578 per month. Additionally, goods and services are typically priced at least 10% less than the national average cost as well. All in all, Needham provides a great quality of life for its residents at an affordable price.