Real estate prices in Texas crazy cheap?

[fmsoa]

Hi guys.
 
I currently live in Belarus, but I consider moving to the US for better career prospects.
 
I am used to boring Soviet commie block houses, so my standards for "a good place to stay" are comparatively low.
 
A 1-bedroom/studio apartment with about 300 square feet would be totally fine for me.
 
 
I heard that Zillow seems to be a common website to look for housing, and I checked a couple of cities. 
 
I found several condos in Houston, TX, for like $60,000-$80,000. Example: https://www.zillow.com/homedetails/2832-...5390_zpid/
 
This seems crazy affordable to me, since 2-3 bedroom apartments in Belarus cost roughly the same, but these buildings were built like 50 years ago, and the local monthly median net salary is like $450 (roughly a tenth of the salaries in Houston).
 
So, are condos in Texas just so crazy affordable, or am I missing something important? It seems too good to be true, and I know that most people on this forum live in the US, so maybe you can help me understand the situation. I would be very thankful!

Stay away from those Hearthwood condos unless you want to be burglarized every other week! For 30 years those units were selling for ~$20,000. Now sellers are asking for 4 times as much. 

I owned 2 condos in Texas Medical Center that I purchased 15 years ago for <$80,000. Now both of them are listed >$200,000. You would not find any remotely decent 40+ years old 2/3 BR condos that are under $150,000 in Houston. Factoring in condo association annual maintenance charges (esp. after hurricanes) on top of monthly dues those condos are anything but crazy cheap