The neighborhood I grew up in has gotten absolutely ridiculous in the past 10 years. A lot of extremely wealthy people have moved in and built humongous mansions, and the prices have skyrocketed here. My parents could EASILY sell their house for over a million dollars, and the place is actually falling apart right now.
I'm currently looking around for something in the $130K range, and there's few options. There's a couple of good 3-bedroom, 2 bathroom walk-up aprtmentes around $150-$175K though.