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I live in such a town. You could buy a gorgeous mid century style home for less than that. It's very close to one of the best universities in the county. There is an Amtrak station that is 2hrs from a major city. It's only a 2hr drive to two other major cities. A lot of nice bike paths. It's in a large blue state. Only 15-20 minutes to a mid sized city Fiber Internet is available. Cons: Schools aren't the best, because there is quite a bit of poverty because it's a low cost of living area. Property taxes are quite high. So if you don't have kids it is a decent place to live. You could also move out of city limits where you're outside of the school district as that is the majority of property taxes.
Sounds incredible. Where?
Literally like 50% of the US. The further out you go, the lower the cost of property and houses gets. The issue is living that far out of town. My parents manage to do it, I couldn't.
Basically the country.