Yes, most prudent investors have criteria on market fundamentals such as population and job growth (a bias based on sound research). 

Every rental in the Boise/Nampa area should have very low vacancy rates based on our growth.

Researched several markets and ultimately decided on the Indianapolis market after taking into consideration the population growth, income growth, crime rate trends and entry price for the properties I am looking for.

It will help you immensely if you already know people who can help you get into your first deal when the time rolls around.

like which areas don't have potential growth and which areas do?

The job and population growth is great for buy and hold rentals @Gurmanpreet Singh!

Are you looking for cash flow, long-term growth, a way to eventually quit your job, or something else? 

This area is a little more affordable, and I believe it's going to see more appreciation and rent growth in the coming years.

It looks like you’re primed for exponential growth next year.

Both areas I suspect would have growth for a buy and hold strategy.