Home Insurance in Raleigh, Mississippi
The median home value in Raleigh is $110,900, close to the Smith County median.
The typical home in Raleigh was built around 1977. About 16% of homes were built before 1960, in line with Smith County (16%). Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Raleigh is 68% single-family homes, 6% apartments in buildings with 5+ units and 22% mobile or manufactured homes.
About 38% of owner-occupied homes in Raleigh have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Raleigh has an owner-occupancy rate of 82% and a vacancy rate of 19%; unoccupied homes typically need a different coverage form.
In Raleigh, 86% of homes are primarily heated with electricity.
FEMA rates Smith County's overall risk as Relatively Low, led by hurricane (Relatively Moderate). Smith County had 13 active NFIP flood policies as of September 2026. See the full Smith County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Mississippi carries a statewide average premium of $2,029 per year.
Key figures
| Median home value | $110,900 |
|---|---|
| Median year built | 1977 |
| Owner-occupied share | 82% |
| Share of owner-occupied homes with a mortgage | 38% |
| Top county hazard | Hurricane (Relatively Moderate) |
| Active NFIP policies in Smith County | 13 |
| Home insurance premium | $2,029 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)