Roe deer meadow or ray of light
A modern American invention, Raeleigh likely combines the name Rae with the popular 'leigh' suffix. It can be interpreted as a variation of Raleigh, meaning 'roe deer meadow,' or as a compound of Rae (meaning 'ewe' or 'beam of light') and Leigh ('meadow').
US births per 5-year period, 1990–present (SSA data).