I have come across some markets that were ( probably up in the last couple years) that were around 80k that seemed great.
One arbitrary metric i like is comparing the household income with house price. Example, if the avg house price is 80k and the average household income is 40k thats a ratio of 2:1. Ive only watched this metric on a handful of markets over the years but what I have seen is some of those markets converted to a 3:1 market, meaning housing prices have increased to closer to 120k ( other market metrics were healthy jobs , unemployment etc).
I remember hearing that housing cost is about 3x as a historical norm (some markets are out of whack probably forever but this has been something I have watched as kind of a potential "upside " on some undervalued markets.
This is more of a back pocket analysis for me but thought id share on this topic.