Comment by captain_perl

Well, those are inflated prices from being listed on Trulia.

You can buy thousands of houses in Detroit at auction for $5,000 plus back taxes. They all will need rebuilding.

However, the soil is contaminated with heavy metals (I would check where the foundries and prevailing winds were) and the water supply has issues.

And if you want to raise a family, you will need to find an area with a credible school and police force.