Bought a remodeled 1891 farm house on 7 acres for $390K in 2012, it is now worth $600K.  

Rural south here. Prices went up ridiculously mostly because of lots of people pouring in from California and New York. Seriously, California is a big one. Very few native southerners in the area anymore. A 165,000 dollar home from a few years back now goes for well over 400,000. Run down old houses at that. A two bedroom apartment in rural south goes for about 1500 now. Apart from all the influx from California, NY and also the Midwest, I understand that WallStreet investors and blackrock group purposely bought up tons of houses in the sunbelt area. While the cost of living has shot up immensely, the price of local wages has not. Eventually this is going to cause some serious economic problems as I see it. Right now people are still spending and many people haven’t seen the effects of this. But eventually the effects will take place. When the value of the dollar is not worth what it was, obviously we lose spending power. When we lose spending power, we stop buying. Much of the US economy is service based. The US doesn’t make much anymore. So the necessities we buy won’t go to US jobs. The US jobs will be mostly service based. And that is where people will cut first. It only makes sense that an economic downturn is in the years to come.

Just out of curiosity, I looked up my truly rural abode to see what various realtors had to say about similar set ups.  (Mine isn’t for sale and won’t be for sale because it’s grandfathered-in on state parkland.)  
Rustic off-grid three season vacation cabin, with wood/coal stove, solid pine door, optional add-on screen door opens onto small porch.  Cabin built on RR tie and natural rock pilings,  four bottom hinged plexiglass windows, Attic storage loft, with two small window ventilation grates, Southern exposure overhang for firewood, coal, composting outhouse, small vehicle like a snowmobile or storage.  
Interior is primitive pine, fold down platforms for bunks, tables, shelves, what have you!  
This is the average for a 175 sq.ft. unimproved cabin on 12 acres state land.  Land includes a small fishable pond, stream, mixed deciduous-pine forest.  Land must be maintained in its natural state.  Fishing by permit, no hunting. (Huntable land nearby with a valid license.) 
Asking prices vary by amenities, whether year-round or seasonal, square footage, utilities, land availability, proximity to a town with amenities, type of road, accessibility during snow, ice, mud season.  Minimal internet coverage depending upon location.
Can accommodate up to four adults.  

Asking price ranges from $39,900 to $450,000.  The closest in description to my place is $45,900.  

Larger houses suitable for large families who want to farm, have a wood lot, large garden, livestock will be closer to a town.  
A fair representative might be a 3,500 sq ft on two floors with half basement, attic, four bedrooms, two and a half baths, double bay attached garage, new-20 years on 1 1/2 to 19 acres.  Natural gas, hot air blown, fuel oil heat, woodstove to supplement, central AC, most appliances electric, new or nearly new, good to excellent internet connectivity.

For something on this order, expect to pay about $799,000 up to $1,500,000.  Not many people want to live here year round because of the harsh climate and types and availability of jobs.  There are many more part-time residents than year-rounders.  The area was hit hard by the lockdowns. Adventure tourists stopped coming causing many businesses to fail, working people just hanging on to be forced into foreclosure, bankruptcy, or the pre-pandemic poor to be fully on benefits.  There are very few homeless because of the climate and the near total lack of shelters, social and mental health services, nearby hospitals and doctors.  

What are people supposed to do?, you ask. 4 years ago I heard a radio program discussing an up-coming get together: you meet strangers, and if you are compatible, you both or all of you, become co-operative partners...co-owners of real estate.
Now four years later, realtors are investing $ and resources to provide the legal etc. framework . This is counter-productive for the Social Reign of Christ, where families are disappearing , and kids never hear about God. This is not promising for the future, but is the desperate reality in Toronto.

From: https://canadianbusiness.com/ideas/buying-home-with-other-people-husmates/
Forest Hill Real Estate and the co-owner of GoCo Solutions, a real estate agency that specializes in helping people co-own homes. While most of the people who come to gαynor are multi-generation families or a group of friends, she’s increasingly been getting a lot of interest from people looking to buy a house with strangers—a shift that’s part of a larger trend.

According to Statistics Canada, households composed of roommates (two or more people living together that aren’t a part of the same family) grew by 54 per cent between 2016 and 2021, making it the fastest-growing household type in Canada.