Housing in Raleigh at a glance
- Population
- about 46,362
- Housing units
- about 20,296
- Median value, owner-occupied homes
- $155,000Memphis: $169,000 (-8%)
- Median gross rent
- $1,160 a monthMemphis: $1,181 (-2%)
- Owner-occupied homes
- 39.5%Memphis: 44.9%
- Homes built before 1980
- 64.3%
- Median year built
- 1975
Raleigh sits mid-table among Memphis planning districts, north of the centre. Owners' estimates of $155,000 rank sixth of ten and 8% under the $169,000 Memphis-wide level; rent of $1,160 also ranks sixth and lies 2% below $1,181. Renters have the upper hand, because owners are 39.5% of households, whereas the Memphis-wide share is 44.9%. Older stock is common: 64.3% of homes predate 1980, with 1975 as the construction midpoint. Jackson, the neighbour with the oldest housing in the city, reports a lower $95,000. University reports $282,000, and Cordova, the neighbour with the highest rent in Memphis, reports $256,000, so two of three neighbours are well above Raleigh. Its pre-1980 share, 64.3%, falls short of Jackson's 90.7% and University's 81.3%, while Cordova's is only 17%. Ownership is lower than in each of those three neighbours, the neighbours' shares being 49.1% for Jackson, 54.4% for University and 51.6% for Cordova.
Questions about Raleigh
What is the median home value in Raleigh, Memphis?
$155,000 for owner-occupied homes, against $169,000 for Memphis as a whole (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary). It is the owners' own estimate of their home's value, not a sale price.
What is the median rent in Raleigh?
$1,160 a month in gross rent (rent plus utilities paid by the renter), against $1,181 in Memphis (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Do most people in Raleigh own or rent?
Most rent: 39.5% of occupied homes are owner-occupied, against 44.9% in Memphis (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Data and method
Data as of: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (retrieved 2026-11-02).
Estimate from the 11 census tracts whose internal point lies within the official boundary: counts are summed, and each median is recomputed from the summed value, rent and year-built brackets (grouped median, linear interpolation). The gap with the city is measured with the same method on the whole city.
Raleigh is one of the 10 most populous of 14 memphis 3.0 planning districts of Memphis: estimated population about 46,362 (Payotte estimate: Census ACS 2020-2024 populations of the census tracts whose internal point lies inside the boundary; boundaries from City of Memphis GIS, Memphis 3.0 Planning Districts, consulted 2026-11-02).
Sources: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, tables B01003, B25001, B25003, B25034, B25063, B25064, B25075, B25077; U.S. Census Bureau, 2024 Gazetteer files (census tract internal points). City figures: the same survey, published for Memphis as a whole. Home values are owners' estimates, not sale prices.
Near Raleigh
The closest sectors of Memphis, by distance between population centres.
Other sectors of Memphis
Five trades, one spot each
Payotte lists one professional per trade in Raleigh. No one is listed yet: every spot is open.
- Real estate agentOpen spot
- Mortgage loan officerOpen spot
- Home inspectorOpen spot
- Real estate attorneyOpen spot
- AppraiserOpen spot
Work in one of these trades in Raleigh? Ask for your spot.