Ho-hum, I'm not going to run the numbers again but will accept yours since they are close enough for government work.
90% of the world would be ecstatic to live in a nice house on a 1/7 acre lot in a pleasant subdivision. As a matter of fact, that is where I am typing this right now, and until the Christmas company left we had 6 people living here, and quite comfortably thank you very much.
Of course, being good Americans, this is just the winter place. The summer place is MUCH larger than 1/7 acre. But I'm sure you do get the point.