I know what you mean, Yooper. We bought our 1940 colonial in 2001 for 432K. We could sell it now (even in today’s market) for around 700K.
So a nice house in NC for 300K looks mighty good.
Some of the things I like about Arlington: you can take Metrorail and don’t have to drive much; restaurants and shopping are good; the public schools are excellent; and it’s not DC!
What I like about NC (Greensboro, mostly): BBQ; can drive everywhere without problem; housing is inexpensive and good; the Fresh Market supermarket is excellent; the people are nice.