Six Markets To Consider When Property Investing

Property investing can be a lucrative and exciting endeavor, especially when you invest in markets that are rising -- or are going to rise -- in value. The key is identifying those growing markets. The following are six up-and-coming markets that you should consider when property investing. Market values shift, of course, but these areas are certainly on the rise and should only continue in that direction.

1. Cleveland, Ohio

Over the last year, median home sales in the Cleveland metropolitan area have gone up 12 percent ($7,800), according to analysis done by Trulia. A strong market coupled with a vibrant cultural center makes Northeast Ohio a very stellar market to invest in right now. Prices are going to continue to rise based on the trends of the last few years, so this area is a great place to invest for the future.

2. Grand Rapids, Michigan

Grand Rapids is on a lot of people's radars right now, and it is not hard to see why. It currently sits at the 14th most affordable city to live in, and it was 22nd in job growth over the last year. 

3. Charleston, South Carolina

This market is still on fire! In 2015, it was Forbes No. 1 market to invest in for property. In 2016, it has fallen to number two, but property investing in Charleston is still a strong move to make. 

4. Austin, Texas

Austin is an extremely popular spot for property investing right now. Austin is considered the live music capital of the US, with more live venues and bars than any city in the country -- making it a popular destination with millennials.

5. Baton Rouge, Louisiana

Much like Austin, Baton Rouge is another capital city on the rise. With one of the largest universities in the country, Louisiana State University, right in its own backyard, there are a number of great property investments in this city.

6. San Antonio, Texas

We're going back to the Lone Star State! San Antonio saw the largest influx of millennials than any other city between the years of 2010 and 2013.