I believe we are seeing a change in the decades old global trend of moving to bigger cities.

You can also run a direct capitalization method by figuring out your proforma rents and NOI and dividing by the trending cap rate for that neighborhood/asset class.

You'll want to find an investor focused realtor/broker - not a residential/general one - who can lead you through rent demand and prices, population trends and more. 

It is not just cost it is knowing subs that are quality and will know code approval porces.Please talk with a local mid size builders for local trends.

The heavy handed government covid responses screwing over many landlords has contributed to this trend.

@Stephen Colaco The trends in some of the tertiary markets are more favorable to me.

But honestly once rates on duplexes keep going up I expect SFH's to follow right behind in the same trend.

@Buyan Thyagarajan 19143 + 19139 are some of the hottest areas in Philly right now, and the appreciation in this pocket has exploded in the last year.

I’m mostly interested to know the trend/statistics for homes in the Salt Lake east side/Sugar House/Aves/Millcreek/Holladay.

The stats from the MLS show that the median percent of list price homes are selling for right now is 99.4% and that keeps trending up.Buyer demand is sky high right now, with 25-30% more buyers than normal in the market with the number of available homes for sale being much lower than normal.