The price of a 1997 Ford Mustang varied greatly depending on the trim level (base, GT, Cobra), options, and condition. There's no single answer.
However, a rough estimate would put the price of a new 1997 Mustang somewhere between $15,000 and $25,000 USD, with the base models being closer to the lower end and the Cobra at the higher end. Used prices would have been lower, of course.
