There's major migration to the area for various reasons, which means a ton of competition for any house that pops on the market under the $350k mark (maybe even $400).

I believe it was an article that popped up on my google news feed for OKC news.

It would illuminate the exploitation of neighborhoods when a bunch of rich people start buying up old houses and forcing the people who live in them into the street so that they can build those hideous townhomes that seem to be popping up everywhere these days.

Occasionally a property pops up that you can see is rented below market rents, needs some fixing up, etc but as everyone has said don't rush into a property that doesn't make sense.

Just some thoughts that popped into my head when looking at the report - hopefully helpful.

If you are set in buying then just try to buy as cheap a house as you can get in this market, keep an eye on North Laurel or Elkridge (Howard County side) some times old properties pop up for around ~$320K, that could be a good investment overtime and you wont have to stretch your budget as much. 

Good job on finding a Mom & Pop Value-added Facility. 

But it does have a nice yard, and Belgrade is on the up in terms of value, much like Bozeman.So it's not totally hopeless, and if you are patient, things may pop up.

The biggest difference was back then there were very few buyers, mostly local mom and pop investors.

I want a multi-family property but they are extremely hard to come by, leading them to be a bit overpriced when they do pop up.