man...
I'd kill for a 200k house... we live in a 20+ year old neighborhood- very nice but old- and paid just south of $200/sqft for a single level that we are in the process of removing a LOT of brass :)
200k here in sin city is a decent small condo/townhouse or if you want single family, you're in the hood in a 12-1500sqft with maybe a single car garage and bars on all the windows.