I think it depends on what are you are looking for. Just about every town and city in the triangle has homes in that price range. You can probably get a newer house for the money though if you choose to live outside of the metro areas and more towards the SE side of Wake County or in Johnston County or Durhma County.
The larger metro areas have homes in this price range that tend to be older and smaller, but frequently have larger yards.
I live in central Cary and own a home in that price range. Our yards are large but our homes are all 70's built ranches and split levels. Many people are starting to take advantage of the lower housing costs here and remodeling these older homes. The area is extremely convenient to just about everything in the triangle, but some people just don't like the older neighborhoods and prefer something newer in place like Knighdale, Wilson, Rolesville or Garner.
Find a good agent who knows the area and with whom you can discuss your specific needs.