Market Overview
Home Prices in Needham, IN
The median home value in Needham, IN is $402,385 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Needham are priced2% below average. Needham is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Needham home values have risen by approximately31.8%, reflecting strong long-term appreciation in this market.
Price History
Needham Home Price Trend
City Comparison
Needham vs. National Median
At $402,385, homes in Needham cost 2% below the national median of $410,000. This makes Needham a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Needham?
20% Down Payment
$80,477
on $402,385
Monthly P&I
$2,099/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,666/mo
incl. taxes & insurance
Income Needed
$106,640
gross annual (30% rule)
10% Down Option
$40,239
+ PMI applies
Loan Amount (20% dn)
$321,908
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Needham, IN?
The median home value in Needham is $402,385 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Needham?
Over the past year, home values in Needham have increased by 3.5%. Over five years, prices have risen approximately 31.8%.
How much do I need to earn to buy a home in Needham?
To comfortably afford the median home price of $402,385 with a 20% down payment ($80,477) at today's rates (6.8%), you'd need a gross annual income of approximately $106,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Needham compare to the national average home price?
The national median home value is approximately $410,000. At $402,385, homes in Needham are 2% below the national average.
What metro area is Needham part of?
Needham is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.