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240 Magnolia Dr, Raleigh, MS, 39153

0beds
6baths
0sqft
$229,000
--price/sqft
$1,828/moest. monthly cost
$73,120/yrincome needed

About This Home

WELCOME HOME TO 240 MAGNOLIA DRIVE IN RALEIGH, MISSISSIPPI! The Smith County home is situated on a 1.42± acre lot and delivers the kind of space, updates, and everyday comfort that buyers look for in this part of the state. With 2,712± square feet, the home features three bedrooms, two full baths, one half bath, and an additional room that works well as an office, playroom, or extra living space. The closets are genuinely large, the kitchen and dining area are open and easy to use, and the living room centers around a fireplace that gives the home a warm, welcoming feel. Enjoy an oversized, practical laundry room, giving you the kind of storage and workspace that makes daily routines easier. The house has been fully remodeled from top to bottom. All plumbing, electrical, and insulation are new, along with new insulated windows and a new heating and cooling system. The updates give the peace of mind of a modern build while keeping the solid structure and layout that fit the area well. The home is zoned for the Smith County School District, which serves roughly 2,400 students across six schools and holds an overall B+ rating based on statewide performance measures and parent and student feedback. Families appreciate the district's steady academic performance, supportive teachers, and strong community involvement. Raleigh Elementary and Raleigh High School are both close to town, making daily routines and school activities convenient for anyone living in this area. The property is within an easy drive of Brandon, Laurel, Hattiesburg, and Magee. You get access to larger-city conveniences such as shopping, medical care, dining, and job opportunities, while still coming home to a quieter community with more space and privacy. The combination of a fully updated home, usable acreage, and a central location between multiple regional hubs makes this property a strong fit for buyers looking for comfort, practicality, and long‑term value

Getting Around

24
WalkingCar-Dependent
0
TransitVery Limited Transit
10
BikeSomewhat Bikeable

Schools

5/10
Raleigh Elementary SchoolGrades PK-60.9 mi
6/10
Raleigh High SchoolGrades 7-122.2 mi

Construction

Materials

  • Roof: Asphalt
  • Construction materials: Brick Siding

Notable Dates

  • Major remodel year: 2024

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bathrooms: 6
  • Full bathrooms: 3
  • 1/2 bathrooms: 3

Features

  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area above ground: 2,712

Heating

  • Heating features: Has Heating (Unspecified Type)

Interior Area

  • Total structure area: 2,712

Kitchen

  • Features: Open

Property

Details

  • Parcel number: 103M07000023
  • Lease amount: 0

Features

  • Stories: 1

Lot

  • Lot size: 1.42 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Hail
Lightning
Strong Wind
Tornado
Cold Wave
Hurricane
Heat Wave
Inland Flooding
Ice Storm
Winter Weather

FEMA Declared Disasters in Smith County and Mississippi

Flood
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,157$13,884
Home Insurance *$347$4,164
Property Taxes $72$864
Electricity $252$3,026
Total$1,828$21,936
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$62,674/yr
40% on housing$54,840/yr
45% on housing$48,746/yr

Mississippi FAIR Plan Programs

Mississippi Windstorm Underwriting Association

Covered
HailHail
WindWind
Visit Website →

Mississippi Residential Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,237Commercial: -4
Total Premiums$1.77M
Total Exposure$137.66M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.9%
5.9%
0%30.0%
Electricity Growth Rate10-year average: 4.2%
4.2%
0%15.0%
Property Taxes Growth Rate2-year average: -12.7%
-12.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 39153$63
Smith County$80

vs Homes Sold Last Month

Median $/sqft

ZIP 39153
Smith County$101

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-03Price change$230,000
2026-02-12Listed for sale$239,500
2026-01-27Listing removed--
2025-10-29Listed for sale$244,000

For Sale by Agent

AgentDewayne Atkinson
BrokerageSmallTown Hunting Properties & Real Estate LLC

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