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 July 2026
New York-Newark-Jersey City vs Phoenix, AZ side by side
| Metric | ● New York-Newark-Jersey City | ● Phoenix, AZ |
|---|---|---|
| Alpha Score | 28 | 32 |
| Price Momentum | 50 | 41 |
| Inventory Health | 0 | 34 |
| Affordability | 5 | 21 |
| Economic Strength | 65 | 23 |
| Rental Yield | 24 | 46 |
| Median Sale Price | — | $469K |
| Price-to-Income | 6.0 | 5.5 |
| Payment-to-Income | 37.0% | 32.9% |
| Months of Supply | — | 4 |
| Gross Rental Yield | 3.6% | 4.0% |
| Overvaluation Index | 40 | 80 |
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 21/100.
- Price Momentum: New York-Newark-Jersey City leads — New York-Newark-Jersey City 50/100 vs Phoenix, AZ 41/100.
- Inventory Health: Phoenix, AZ leads — New York-Newark-Jersey City 0/100 vs Phoenix, AZ 34/100.
- Economic Strength: New York-Newark-Jersey City leads — New York-Newark-Jersey City 65/100 vs Phoenix, AZ 23/100.
- Rental Yield: Phoenix, AZ leads — New York-Newark-Jersey City 24/100 vs Phoenix, AZ 46/100.
Frequently asked questions
Which has a higher Alpha Score, New York-Newark-Jersey City or Phoenix, AZ?
Phoenix, AZ scores higher — 32 vs 28 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 6.0 in New York-Newark-Jersey City and 5.5 in Phoenix, AZ.
Which housing market has stronger momentum, New York-Newark-Jersey City or Phoenix, AZ?
New York-Newark-Jersey City has stronger price momentum — 50/100 vs 41/100.
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 Phoenix, AZ brief.