Which one? This used to be true where I live (Twin Cities area, Minnesota) but is no longer. Prices have really exploded pretty much everywhere over the past 10 years, my home purchased in 2013 is now worth about double. It's easy to miss if you haven't been on the market.
I haven't checked in a while. In my city there are still reasonable houses (I don't want to say for obvious reasons), but I bought mine in the early 2000s and it only recently doubled. I just looked and you can still find fixer-uppers in not great neighborhoods for under $100K, but you can live in them with electric/water and all that.
Being unaware of reality is also a personal issue too, bud.