Back in the 70s there may have been 1 or 2 affordable neighborhoods in your metro area where people in their late 20s could buy a house -- and they were both probably fairly close to the city center. Nowdays, I'd say those neighborhoods are likely to be farther away from the city center (exurbs) and thus farther away from each other.
I think about this with my hometown friends in the PNW. Growing up we all lived in Bellevue, Redmond, and Kirkland, and now those areas are all too expensive and folks are living in Issaquah, Duvall, Renton, etc.