New York-Newark-Jersey City vs Phoenix, AZ: Housing Market Comparison (2026)
Side-by-side Alpha Scores, affordability, momentum, supply, jobs, and rental yield · as of August 2026
New York-Newark-Jersey City vs Phoenix, AZ side by side
| Metric | ● New York-Newark-Jersey City | ● Phoenix, AZ |
|---|---|---|
| Alpha Score | 15 | 32 |
| Price Momentum | — | 39 |
| Inventory Health | 0 | 36 |
| Affordability | 5 | 26 |
| Economic Strength | 49 | 24 |
| Rental Yield | 7 | 33 |
| Median Sale Price | — | $459K |
| Price-to-Income | 6.2 | 5.2 |
| Payment-to-Income | 39.0% | 31.5% |
| Months of Supply | — | 4 |
| Gross Rental Yield | 3.6% | 4.5% |
| Overvaluation Index | 40 | 60 |
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 Phoenix, AZ compare, dimension by dimension
- Affordability: Phoenix, AZ leads — New York-Newark-Jersey City 5/100 vs Phoenix, AZ 26/100.
- Inventory Health: Phoenix, AZ leads — New York-Newark-Jersey City 0/100 vs Phoenix, AZ 36/100.
- Economic Strength: New York-Newark-Jersey City leads — New York-Newark-Jersey City 49/100 vs Phoenix, AZ 24/100.
- Rental Yield: Phoenix, AZ leads — New York-Newark-Jersey City 7/100 vs Phoenix, AZ 33/100.
Frequently asked questions
Which has a higher Alpha Score, New York-Newark-Jersey City or Phoenix, AZ?
Phoenix, AZ scores higher — 32 vs 15 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 Phoenix, AZ more affordable?
Phoenix, AZ is more affordable on our affordability dimension. Price-to-income is 6.2 in New York-Newark-Jersey City and 5.2 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 New York-Newark-Jersey City market brief and the Phoenix, AZ brief.