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Raleigh

Learn about the people, housing, costs and businesses in Raleigh, Mississippi

Median Home$116,855
Median Rent$552/month
Population909
Leading IndustriesTransportation · Retail · Manufacturing5% transportation
Home Value Growth⬆⬆+17.4% over 2 years
Retirees23% of residentsslightly above average
Homeowners88% of occupied units
NotableAffordable Market$117k median home · lower cost than 86% of the country
NotableVeteran Community10% of residents · top 14% nationally
Raleigh
MS

Frequently Asked Questions

What are today's mortgage rates in Raleigh?

As of today, the 30-year fixed mortgage rate for Raleigh is approximately 7.029% (7.070% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Raleigh?

The median home value in Raleigh is $117k. The median monthly rent is $552. Annual property taxes average $407. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Raleigh?

Home values in Raleigh have increased 17.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Raleigh?

Based on a typical all-in ownership cost of $479/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Raleigh is $57k/year.

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What industries drive the economy in Raleigh?

The largest employment sectors in Raleigh are public administration (24%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.