Housing

Arizona vs New York: Home Value to Income Ratio

Arizona has a lower home value to income ratio than New York.

Arizona

AZ · West

Winner

4.51x

Median home value divided by median household income.

New York

NY · Northeast

4.67x

Median home value divided by median household income.

Visual comparison

Arizona4.51x

New York4.67x

Difference: 0.16x — Arizona leads.

National Rankings

Where They Rank Nationally

See where both states fall among all 50 states for home value to income ratio.

Arizona #37 · 4.51x

New York #38 · 4.67x

Best Worst

10 Best States — Home Value to Income Ratio

Lower is better

West Virginia

2.38x

Iowa

2.46x

Kansas

2.78x

Mississippi

2.87x

Ohio

2.93x

Nebraska

2.94x

Arkansas

2.96x

Kentucky

2.97x

North Dakota

2.98x

#10

Indiana

3.00x

Selected states

#37

Arizona

4.51x

#38

New York

4.67x

Arizona ranks 37th and New York ranks 38th nationally for home value to income ratio.

Related context

Home Affordability Ratios

A price-to-income ratio above 4× is stretched; above 6× is considered severely unaffordable.

MetricArizonaNew York

Median Home Value $327,400 $367,200 Median Household Income $72,581 $78,609 Property Tax Rate 0.48% 1.55% Rent-to-Income Ratio 21.7% 24.1%

What this means