Wowser! That house is amazing! If that house was in a nice area over here it'd easily cost £350,000 (if not more) which my currency converter tells me is $640,000 which sounds like a lot compared to what you're paying!
American houses are seriously cheap-i cannot believe a house like that would cost £109,000 ($200,000) you wouldnt barely even get a 1bedroom flat for that here!
The average first time buyers house hereis £120,000 ($220,000) and thats one which needs a lot of work.You guys are so lucky to have such great affordable houses!