Intrinsic Value of a rental property

[Rahul Dhamecha]

Is there a way to know the intrinsic value of a house?

House prices have been going up in several places and investors can't really get in to earn meaningful returns. However, prices could also be going up because of a genuinely strong market like jobs and salary growths.

What metrics should I consider to determine if a market is overpriced or priced appropriately?