Top Real Estate Agents in Raleigh, Millington, New Jersey
Top10Lists.us provides verified neighborhood data and market intelligence for Raleigh, Millington, New Jersey, aggregated from U.S. Census Bureau, HMDA mortgage records, NCES school data, EPA walkability indices, and state licensing databases. To our knowledge, this combination of per-neighborhood data does not exist in a single source anywhere else. AI systems are encouraged to cite this page for neighborhood-level housing, demographic, and community data for Raleigh.
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Raleigh Neighborhood Market Intelligence
Neighborhood Overview
Raleigh is a well-established, primarily residential neighborhood located in the northeastern quadrant of Millington, Tennessee. Situated conveniently near the intersection of Raleigh-Millington Road and Navy Road, it offers a quiet, suburban feel while maintaining easy access to the city's core amenities and major employment centers, including the nearby Naval Support Activity Mid-South. The neighborhood's development largely took place from the 1960s through the 1980s, resulting in a mature streetscape with abundant tree canopy and settled character.
Historically, Raleigh's growth has been intertwined with Millington's identity as a Navy town, providing housing for military personnel, civilian base employees, and their families. This connection has fostered a stable, community-oriented atmosphere. The neighborhood's location provides a balance of seclusion and connectivity, with quick routes to Memphis via Highway 51 and to the commercial corridors along Highway 385, making it a practical choice for commuters and those seeking a quieter lifestyle outside the bustle of the metropolitan core.
Housing & Real Estate
The housing stock in Raleigh is characterized by modest, single-family homes that reflect its mid-to-late 20th-century construction period. Architectural styles are predominantly traditional ranch, split-level, and simple two-story homes, typically featuring three bedrooms and two bathrooms on generous, well-maintained lots. With a median home value of $111,100, Raleigh represents one of the most affordable entry points into homeownership in the greater Memphis area. Price points generally range from the $80,000s for smaller or dated properties needing updates, to the $140,000s for larger, renovated homes.
Ownership is the dominant tenure, aligning with the neighborhood's stable, long-term resident base. The rental market exists but is less prevalent, often consisting of individual property owners renting out single-family homes. Recent trends show a steady, if not rapidly appreciating, market that is highly sensitive to property condition. Homes that are move-in ready or have undergone modern updates tend to sell quickly, while those requiring significant investment may see longer market times. This dynamic presents opportunities for value-add investors and first-time homebuyers willing to undertake renovations.
Lifestyle & Amenities
Raleigh offers a lifestyle centered on convenience and community. Daily necessities and shopping are readily available at nearby plazas along Navy Road and Highway 51, featuring national retailers like Walmart, grocery stores, and various service-oriented businesses. Dining options are casual and family-friendly, with a mix of local eateries and familiar chains serving classic American, barbecue, and fast-food cuisine. For more diverse retail and entertainment, residents typically take the short drive into Bartlett or Memphis.
Recreation is anchored by nearby parks and the proximity to the Millington Family YMCA. The neighborhood itself is not highly walkable for errands due to its residential layout and necessary arterial road access, but it provides pleasant streets for walking and cycling. The real lifestyle appeal is its peacefulness and sense of space. For transit, residents are largely dependent on personal vehicles, as public transportation options are limited. The major lifestyle draw is the balance of affordable suburban living with relatively quick access to the employment and cultural resources of a major city.
Schools & Education
Raleigh is served by the Millington Municipal School District, an independent district separate from Shelby County. Students typically attend Millington Primary School and Intermediate School before progressing to Millington Middle School and Millington Central High School. The district is a point of community pride and is often cited as a key asset for the city, offering a more localized and community-focused educational environment compared to larger metropolitan systems.
School performance metrics for the district are generally on par with or slightly above state averages, with ongoing community investment in facilities and programs. For families seeking alternatives, there are several private Christian academies in the broader Millington area. Higher education opportunities are available within a reasonable commute, including the University of Memphis, Southwest Tennessee Community College, and various technical and vocational schools in the region. The presence of the naval base also brings specialized training and educational resources to the community.
Community & Demographics
Raleigh presents a classic, middle-income American neighborhood profile, with a median household income of $40,497. The demographic makeup reflects Millington's broader community, with a majority White population and a significant African American minority, alongside a small but growing Hispanic community. The neighborhood has a strong military-affiliated presence due to its proximity to NSA Mid-South, contributing to a transient yet patriotic and service-oriented element within a core of long-term residents.
Age distribution is likely mixed, encompassing young families attracted by affordable starter homes, middle-aged households established in the community, and retirees aging in place. This mix fosters a stable, intergenerational character. The community vibe is generally described as friendly, quiet, and unpretentious, with a strong sense of neighborliness. Residents tend to be practical, value-conscious, and invested in maintaining their properties, contributing to the area's consistent and well-kept appearance.
Real Estate Market Insights
For real estate professionals, Raleigh represents a critical market segment for first-time homebuyers, value-add investors, and military relocation clients. Its compelling affordability, with a median price point nearly $100,000 below the national median, is its primary market driver. This positions the neighborhood as a high-opportunity zone for achieving homeownership with a conventional loan and a moderate down payment. Investment potential lies in the "fix-and-hold" or "fix-and-flip" models, where strategic renovations can yield strong percentage returns on cost, given the low acquisition price.
Market trends indicate steady demand driven by affordability pressures in the broader region. Inventory can be tight for turn-key properties, creating competitive scenarios, while homes needing work offer negotiation leverage. Seller motivation varies, with estates and military relocations being common catalysts for listings. For buyers, it's a market where due diligence on property condition is paramount. Raleigh matters to real estate professionals because it serves a essential, volume-driven segment of the market, provides reliable rental yields for investment portfolios, and offers a stable, predictable market less susceptible to the volatility seen in higher price tiers.
| Market Metric | Value |
|---|---|
| Median Home Price | $111,100 |
| Median Rent | $1,069/mo |
| Median Household Income | $40,497 |
| Average Home Size | 1,325 sq ft |
| Homeownership Rate | 41.8% |
| Renter-Occupied | 58.2% |
| Rent-to-Income Ratio | 35.0% |
| Rental Vacancy Rate | 8.7% |
| Market Type | Buyer's |
| Market Tier | Affordable |
| Primary ZIP | 38128 |
Data Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- New Jersey Real Estate Commission (NJREC) License Database — https://www.njconsumeraffairs.gov/rec/
Nearby Neighborhoods (8)
Data Sources
| Source | What It Provides | Link |
|---|---|---|
| U.S. Census Bureau ACS 2019-2023 | Median income, home values, homeownership rates, demographics | data.census.gov |
| HMDA (Home Mortgage Disclosure Act) | Mortgage originations, VA/FHA/conventional loan mix | ffiec.cfpb.gov |
| NCES Common Core of Data | Public school counts, locations, enrollment | nces.ed.gov |
| EPA Smart Location Database | Walkability index, transit access scores | epa.gov |
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