NEEDHAM, MA - It's no secret that it's not cheap to live near Boston, but is it so expensive to rent that it's cheaper to buy?
According to a new report, the answer is yes, at least for Needham.
With a median home value of $784,142 and median rent $3,524, it is 25.5 percent cheaper to buy than rent, according to a Trulia report on Boston.com.
Find out what's happening in Needhamwith free, real-time updates from Patch.
Is there any way to get rent down? Ralph McLaughlin of Trulia told the website that if the multifamily construction boom continues, that might have a downward pressure on rents.
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