I rent a house for 1395 a month. Probably way too big for me, but I too felt the urge to spread my wings. 3bdrm, 2 car attached garage and a big fenced in yard for my ugly dog to run around in.
Sometimes renting is ok, sometimes it's not. of course, I'm paying somebody else's mortgage, but I'm still deciding on where I want to live. As of now, my landlord says the annual property taxes are around 5500, and thats something to factor in when buying a home.
760 credit score is the cat's meow. I think I'm in that neighborhood too. I'd look into a foreclosure if you can...those seem to be the big thing right now.