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Americans with six-figure incomes are in 'survival mode'
(www.usatoday.com)
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I'm in Minnesota, twin cities, sounds like property is comparable. To pay less than $300k you're probably getting something you couldn't realistically fit a family of 5 or likely something that needs $100k of work to bring up to code anyway. You could get a dump for $150k and fix it up yourself, but most people are not going to do that. Not the most expensive city, but far from the cheapest.
Yeah the only reason I'm able to afford my house is because I got it 5 years ago for $200k. If I had to buy it today, I'd be fucked.