I see that you are in Arizona. Since I have only been here 8 years, I asked the same question when I arrived. During the 40's and 50's McConnell AFB had housing built for military and also Boeing had housing built for employees. There are a lot of 2-3 bedroom, 1 bath small homes, some with a 1 car garage.The neighborhoods vary...some are primarily owner occupied, some are almost all rental properties. People in Wichita are very conservative. They don't pay more than what they think the property is worth, for the most part. Tax appraisal is key here. Some of the lower priced properties are in disrepair or in a very rough neighborhood.
But, we also have beautiful homes in flourishing neighborhoods for$130,000 up to $1.5 million. It just depends on what you are looking for. If I can help, let me know.