Location really is everything. Around here, you'll get about 2,200 sqft of living space in a less than 10-year old colonial house with a 2.5 car garage, 2+ acres of landscaped yard, for about $1,500/month. That's ownership, and only about 30 minutes from a large-ish metro area (1M in Greater Rochester). Traveling to NYC / BOS / PHL? By car: 6 hours, by plane: 1 hour.
With telecommuting being as accessible as ever, I have a hard time understanding why people pay these prices for such abysmal living spaces.