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Housing market/Massachusetts/ZIP 02492

ACS 2023 · FY2027 SAFMR

ZIP 02492 Needham, Massachusetts

Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area · Massachusetts. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
21,481
Households
7,339
Median HH income
$222,063
Renter share
9.3%
Median gross rent
$2,256
Vacancy
2.1%
Pop. change
+6.0%
2BR SAFMR
$3,570
SAFMR / rent
1.582×
2–49 unit stock
511
LIHTC proj / units
1 / 59
HUD assisted MF
1 / 60

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 02492 · MA — sent to you.

ZIP 02492 · MA

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ACS rent vs 2BR SAFMR

ZIP 02492 — Needham, MA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$2,256
2BR SAFMR$3,570
90% floor$3,213
110% ceiling$3,927

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 02492

  • 1-unit detached6,40685.4%
  • 1-unit attached2463.3%
  • 2–4 units1672.2%
  • 5–49 units3444.6%
  • 50+ units3374.5%
TypeUnitsShare
1-unit detached6,40685.4%
1-unit attached2463.3%
2 units (duplex)1672.2%
3–4 units00.0%
5–9 units1141.5%
10–19 units380.5%
20–49 units1922.6%
50+ units3374.5%
Mobile00.0%

2–4 unit share 2.2% · 5–49 unit share 4.6% · combined 2–49 6.8%.

Units by bedrooms

Studio
208
1BR
188
2BR
857
3BR
1,843
4BR
2,826
5+
1,578

Rent burden

Rent ≥30% of income41.4%
Rent ≥50% of income21.8%
  • ACS median gross rent $2,256 (all bedrooms, occupied rentals).
  • Median contract rent $2,140.
  • Renters paying ≥30% of income 41.4%; ≥50% 21.8%.
  • FY2027 2BR SAFMR $3,570 (1.582× ACS median gross rent).

Population

21,481 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +6.0%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 1 projects, 59 units.
  • HUD project-based assisted MF: 1 properties, 60 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 767 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 02492 9.3% of occupied households are renters; vacancy is 2.1%; ACS median gross rent is $2,256; population increased +6.0% between the 2018 and 2023 ACS vintages; the housing stock includes 167 units in 2–4-unit structures and 344 units in 5–49-unit structures; 1 LIHTC projects totaling 59 units; FY2027 2BR SAFMR is $3,570 versus ACS median gross rent of $2,256. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Massachusetts research

ZIP 02492 is a Census / HUD profile for Boston-Cambridge-Quincy, MA-NH, MA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 02492 — Needham, MA HUD Section 8 Payment Standards / SAFMR·Massachusetts ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
01464Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area17.7%$1,189$2,65001469Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area15.7%$1,121$2,65001474Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area17.3%$2,368$3,40001701Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area21.8%$1,973$2,82001702Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area65.7%$1,822$2,81001703Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area——$3,05001704Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area——$3,05001718Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area3.7%—$2,66001719Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area22.7%$1,816$2,65001720Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area24.6%$1,908$2,66001721Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area24.5%$2,334$3,34001731Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area100.0%$3,501$4,510

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Massachusetts research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 02492?

ZIP 02492 (Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area) has 21,481 residents, 7,339 households, a renter share of 9.3%, median household income of $222,063, and ACS 2023 median gross rent of $2,256. Vacancy is 2.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 02492?

ACS counts 167 units in 2-unit buildings, 0 in 3–4 unit buildings, 114 in 5–9, 38 in 10–19, and 192 in 20–49. Combined 2–49 unit stock is 511 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 02492?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $3,570. See the full schedule and 90–110% payment-standard band on the ZIP 02492 — Needham, MA HUD Section 8 Payment Standards / SAFMR.

Does this Massachusetts ZIP profile include Georgia listings?

No. ZIP 02492 is Census / HUD research for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. Jeff Crowe CRE does not list Massachusetts property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.