Raleigh, MS housing market
The typical Raleigh home is worth about $151,000, down 6.9% in a year, 24% below the Mississippi typical home.
Home values, sales, trends and how Raleigh compares with the towns next door — updated as new data is published.
Raleigh at a glance
Typical home value, 2016–2026
Show as a table
| January | Raleigh | Mississippi |
|---|---|---|
| 2017 | $123,000 | $138,000 |
| 2018 | $126,000 | $140,000 |
| 2019 | $130,000 | $144,000 |
| 2020 | $140,000 | $150,000 |
| 2021 | $151,000 | $162,000 |
| 2022 | $170,000 | $185,000 |
| 2023 | $167,000 | $188,000 |
| 2024 | $152,000 | $188,000 |
| 2025 | $158,000 | $195,000 |
| 2026 | $152,000 | $195,000 |
| August 2026 | $151,000 | $198,000 |
4 new homes permitted in 2022
Builders were permitted 4 new homes in Raleigh in 2022, all single-family houses. That's 3.6 per 1,000 residents, about the pace of Mississippi as a whole. Over the past 10 years, Raleigh has permitted 29 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Raleigh's population fell by 368 even though 24 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2022 | 4 | 4 | 0 | $350,000 |
| 2021 | 4 | 4 | 0 | $350,000 |
| 2020 | 3 | 3 | 0 | $263,000 |
| 2019 | 3 | 3 | 0 | $263,000 |
| 2018 | 3 | 3 | 0 | $263,000 |
| 2017 | 3 | 3 | 0 | $263,000 |
| 2016 | 3 | 3 | 0 | $263,000 |
| 2015 | 2 | 2 | 0 | $175,000 |
| 2014 | 2 | 2 | 0 | $175,000 |
| 2013 | 2 | 2 | 0 | $175,000 |
| 2012 | 2 | 2 | 0 | $175,000 |
| 2011 | 2 | 2 | 0 | $175,000 |
| 2010 | 2 | 2 | 0 | $175,000 |
| 2009 | 2 | 2 | 0 | $175,000 |
| 2008 | 4 | 4 | 0 | $350,000 |
| 2007 | 5 | 5 | 0 | $438,000 |
| 2006 | 6 | 6 | 0 | $525,000 |
| 2005 | 6 | 6 | 0 | $525,000 |
| 2004 | 5 | 5 | 0 | $438,000 |
| 2003 | 5 | 5 | 0 | $438,000 |
| 2002 | 5 | 5 | 0 | $438,000 |
| 2001 | 4 | 4 | 0 | $350,000 |
| 2000 | 3 | 3 | 0 | $252,000 |
Raleigh's permit office didn't report to the Census in 2022, so the 2022 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
2.4 years of income
The typical Raleigh home costs about 2.4 years of the town's median household income, less than across Mississippi (3.5 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $860
HUD's Fair Market Rent for a two-bedroom in Raleigh is $860 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Raleigh pay a median of $496, so moving in tends to cost more than staying put. A two-bedroom takes about 17% of the town's median household income.
Studio $730 · 4 bedrooms $1,170
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (39153; Smith County, MS), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.