My house cost $76,000 when I purchased it 7 years ago, and it would be only slightly more today - around $85,000 or so. Also, it of course depends on interest rate, loan term, insurance, local taxes, etc. To be fair though, it's a small starter home that my wife and I bought when we first got married. A house we might buy if we were moving now might be more in the $150k-185k range for a nice 4bd. 2.5ba. newer house on a good amount of land (up to 1 acre).
I suggest you buy that next house now. That $185K could become $300K in a hurry. House prices in my area are up by about 50% in 2 years and accelerating. This is partly due to hedge funds buying up houses to rent them out. They'll likely be a big player in every major city eventually.
