We looked at a nice very large house today that was renting for $300 USD per month. The surrounding houses were not quite as nice though and it was a long ways from our friends and the church. There is a very beautiful place for sale downtown for $400,000 USD. It has 9 rooms and a pool and from what we could see looked very nice.
I get the impression that house prices are fairly random and that there isn’t any type of standard way to evaluate the pricing of houses. In the US house prices are public information so it is pretty easy to see how much houses in a given neighborhood are selling for. This tends to keep the pricing from fluctuating too dramatically. That doesn’t seem to be the case here.