New York-Newark-Jersey City vs Philadelphia-Camden-Wilmington: Housing Market Comparison (2026)

Side-by-side Alpha Scores, affordability, momentum, supply, jobs, and rental yield · as of May 2026

New York-Newark-Jersey City vs Philadelphia-Camden-Wilmington side by side

Metric New York-Newark-Jersey City Philadelphia-Camden-Wilmington
Alpha Score2730
Price Momentum5050
Inventory Health01
Affordability528
Economic Strength6238
Rental Yield2445
Median Sale Price
Price-to-Income6.03.7
Payment-to-Income37.0%22.5%
Months of Supply
Gross Rental Yield3.6%5.2%
Overvaluation Index4010

Highlighted = the stronger read for that metric (supply, valuation, and payment burden are better when lower). Income/rent inputs lag annually.

How New York-Newark-Jersey City and Philadelphia-Camden-Wilmington compare, dimension by dimension

  • Affordability: Philadelphia-Camden-Wilmington leads — New York-Newark-Jersey City 5/100 vs Philadelphia-Camden-Wilmington 28/100.
  • Price Momentum: New York-Newark-Jersey City and Philadelphia-Camden-Wilmington score the same (50/100).
  • Inventory Health: Philadelphia-Camden-Wilmington leads — New York-Newark-Jersey City 0/100 vs Philadelphia-Camden-Wilmington 1/100.
  • Economic Strength: New York-Newark-Jersey City leads — New York-Newark-Jersey City 62/100 vs Philadelphia-Camden-Wilmington 38/100.
  • Rental Yield: Philadelphia-Camden-Wilmington leads — New York-Newark-Jersey City 24/100 vs Philadelphia-Camden-Wilmington 45/100.

Frequently asked questions

Which has a higher Alpha Score, New York-Newark-Jersey City or Philadelphia-Camden-Wilmington?

Philadelphia-Camden-Wilmington scores higher — 30 vs 27 out of 100. The Alpha Score is a 0-100 composite of price momentum, inventory health, affordability, economic strength, and rental yield.

Is New York-Newark-Jersey City or Philadelphia-Camden-Wilmington more affordable?

Philadelphia-Camden-Wilmington is more affordable on our affordability dimension. Price-to-income is 6.0 in New York-Newark-Jersey City and 3.7 in Philadelphia-Camden-Wilmington.

Which housing market has stronger momentum, New York-Newark-Jersey City or Philadelphia-Camden-Wilmington?

Both markets show similar price momentum (about 50/100).

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 New York-Newark-Jersey City market brief and the Philadelphia-Camden-Wilmington brief.