Las Vegas, NV vs Phoenix, AZ: Housing Market Comparison (2026)
Side-by-side Alpha Scores, affordability, momentum, supply, jobs, and rental yield · as of July 2026
Las Vegas, NV vs Phoenix, AZ side by side
| Metric | ● Las Vegas, NV | ● Phoenix, AZ |
|---|---|---|
| Alpha Score | 46 | 44 |
| Price Momentum | 46 | 41 |
| Inventory Health | 38 | 34 |
| Affordability | 50 | 50 |
| Economic Strength | 50 | 50 |
| Rental Yield | 50 | 50 |
| Median Sale Price | $451K | $469K |
| Price-to-Income | — | — |
| Payment-to-Income | — | — |
| Months of Supply | 4 | 4 |
| Gross Rental Yield | — | — |
| Overvaluation Index | — | — |
Highlighted = the stronger read for that metric (supply, valuation, and payment burden are better when lower). Income/rent inputs lag annually.
How Las Vegas, NV and Phoenix, AZ compare, dimension by dimension
- Affordability: Las Vegas, NV and Phoenix, AZ score the same (50/100).
- Price Momentum: Las Vegas, NV leads — Las Vegas, NV 46/100 vs Phoenix, AZ 41/100.
- Inventory Health: Las Vegas, NV leads — Las Vegas, NV 38/100 vs Phoenix, AZ 34/100.
- Economic Strength: Las Vegas, NV and Phoenix, AZ score the same (50/100).
- Rental Yield: Las Vegas, NV and Phoenix, AZ score the same (50/100).
Frequently asked questions
Which has a higher Alpha Score, Las Vegas, NV or Phoenix, AZ?
Las Vegas, NV scores higher — 46 vs 44 out of 100. The Alpha Score is a 0-100 composite of price momentum, inventory health, affordability, economic strength, and rental yield.
Is Las Vegas, NV or Phoenix, AZ more affordable?
Affordability is comparable in both markets.
Which housing market has stronger momentum, Las Vegas, NV or Phoenix, AZ?
Las Vegas, NV has stronger price momentum — 46/100 vs 41/100.
What is the median home price in Las Vegas, NV vs Phoenix, AZ?
The median sale price is $451K in Las Vegas, NV and $469K in Phoenix, AZ.
Want to swap in other cities, change the metrics, or chart the trend over time? Customize this comparison → in the interactive Compare tool. Or read the Las Vegas, NV market brief and the Phoenix, AZ brief.