Ewe or meadow
A modern American invention, likely created by blending the traditional name Rae (meaning 'ewe') with the popular 'ly' suffix. It may also be interpreted as a variant of Raleigh, meaning 'roe deer meadow'.
Less common today
Raely isn't in the latest US Top 1000. It last peaked at #10,598 in 2006.
US births per 5-year period, 1990βpresent (SSA data).