Raleigh is a neighborhood of 46,362 people in Memphis. Owners hold 40% of the housing stock. Four-year degrees are less common here than nationally, at 15% of adults. This skews young, with a median age of 34.1. The typical home is worth $152,990. Households take in $49,544 at the median, 40% less than the US figure. These figures are approximated by combining the 11 census tracts that make up Raleigh; the Census Bureau does not tabulate data for neighborhoods directly.
At a glance
Lower income
below the US median
US median: $82,259
Younger
median age 34.1
US median: 38.9
Less educated
15% hold a bachelor's degree
US average: 36%
Renter-heavy
40% owner-occupied
US average: 65%
Section 01
Population & growth
Total population
46,362
Population density
2,089 / sq mi
US average: 281
Median age
34.1
US average: 38.9
Land area
22.2 sq mi
Section 02
Income & economy
Median household income
$49,544
US average: $82,259
Per capita income
$28,078
US average: $44,673
Households earning $100K+
30.1%
US average: 53.3%
Poverty rate
17.2%
US average: 12.5%
Income inequality (Gini)
0.449
US average: 0.476
Workforce by industry, 2024
Information16.3%
US avg: 10.8%
Finance & insurance15%
US avg: 5.9%
Professional, scientific, technical14.8%
US avg: 5.1%
Retail trade9.7%
US avg: 9.9%
Wholesale trade5.1%
US avg: 6.9%
Other services3.5%
US avg: 6.7%
Public administration3%
US avg: 4.8%
Transportation & warehousing1.8%
US avg: 2.2%
Arts, entertainment, food1.2%
US avg: 1.9%
Agriculture, forestry, fishing0.3%
US avg: 1.6%
Construction0.3%
US avg: 1.2%
Education & health services0.2%
US avg: 0.9%
Manufacturing0%
US avg: 0.4%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 03
Housing
Median home value
$152,990
US average: $376,019
Median gross rent
$1,194
US average: $1,442
Owner-occupied
39.6%
60.4% rent
Vacancy rate
10.1%
US average: 10.0%
Persons per household
2.56 people
US average: 2.54
Owner cost-burdened
32.9%
US average: 22.9%
Renter cost-burdened
52.3%
US average: 47.4%
Afford Score
3.1
Years of local income it takes to buy a local home, on a scale of about 0 to 15. Lower is more affordable.
Section 04
Race & ethnicity
2024
White, non-Hispanic11%(5,093)
Black76.6%(35,529)
Hispanic / Latino7.7%(3,579)
Asian1.4%(667)
Other3.2%(1,494)
2024
White, non-Hispanic11%(5,093)
Black76.6%(35,529)
Hispanic / Latino7.7%(3,579)
Asian1.4%(667)
Other3.2%(1,494)
Diversity Score
49
Our index, 0 to 100. Higher means a more even mix of racial and ethnic groups.
