Raleigh, Mississippi.
Typical home $147,421 (-6.3% in a year).
to buy the typical home at today's mortgage rate — +$271 (+54%) since Jan 2020.
- 1 year
- Down $9,862 -6%
- $157,284$147,421 since Sep 2025
- 5 years
- Down $13,701 -9%
- $161,122$147,421 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Raleigh$774
- Mississippi$1,021
- United States$1,922
At the last five years' pace, prices here aren't rising.
Typical home values in Raleigh, MS fell 6.3% over the past year — slower than the nation's +1.2%.
Living in Raleigh, Smith County, Mississippi
Raleigh is a town of 1,094 people in Smith County. Unemployment in Smith County was 3.0% in August 2026, and the county had 1.3% more jobs in 2025 than the year before. The most people in Smith County work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Raleigh is a very small town and the seat of Smith County in central Mississippi, a place where most people live fairly quietly and know their neighbors. Few adults here hold a four-year degree, and almost no one works from home, so daily life tends to follow jobs held out in the community. Winters are mild and rarely bring snow, summers run hot, and the year is a wet one.
Work. Many residents work in schools, hospitals and social care, with manufacturing, transport and warehousing, and shops also employing a good share. Across Smith County, some of the largest workplaces are Taylorsville Plywood, the Smith County school district and the Mississippi Care Center of Raleigh. Unemployment in the county has eased compared with a year earlier, and the county has added a few more jobs.
Things to do. Shongelo Lake and Teock Creek are both a short drive away, for time on the water or along a creek bank. For a longer outing, Bienville National Forest is a protected area a longer drive away, and Moore Lookout Tower is a tourist attraction that is also a longer drive from town.
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- 11%of adults have a degree
- 1%work from home
What people in Smith County work in
Employed residents by industry, from the Census survey. Smith County had 2,711 jobs in 2025, 1.3% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 55° and lows near 33°; warmest in July, with highs near 90° and lows near 68°. About 1 inches of snow and 62 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Raleigh 6N weather station, 8 miles away (NOAA).
Largest workplaces in Smith County
- Taylorsville Plywood559
- Smith CO School DistSchool district348FTE
- Ms Care Center of RaleighNursing homes240
- Southern Pine ElectricDistribution of electric power142
- Gibraltar IndustriesPatterns, industrial, manufacturing138
- Bakelite ChemicalsOrgano-inorganic compound manufacturing53
- WarmkraftTextile products finishing25
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 6 workplaces with 20 or more staff, 1,157 people in all across the county; Raleigh has two of its own. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HailRelatively high
- Strong windRelatively high
- TornadoesRelatively high
- LightningRelatively high
- Hurricanesrelatively high in parts of RaleighRelatively moderate
- Ice stormsrelatively high in parts of RaleighRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Raleigh’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Smith County.
Raleigh home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Raleigh$147,421
- Mississippi$194,531
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Raleigh11
Zip codes with a Raleigh address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Raleigh — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.