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So you are looking at a clear (no knots) cedar picket fence? Do you want painted, stained, or left to age? And the gate - just a regular swing gate with a latch, or something else? And as Bruce mentioned, height issues will affect you zoning-wise, but it will also effect you price-wise.
hehehehe.... aint I a pain in the ass?
If you want to look at some lumber prices (probably not in your area) check out dunnlum.com
It's Dunn Lumber in Washington State, and we bought all of our framing lumber, plywood, insulation (with lots to spare), sheetrock/ greenboard, roof trusses (with a few hitches), vapor barrier.....the list goes on..... for a 2400 sf house for $27K.
Regardless of what decision you make, shop around and buy the materials on your own - you will save money.
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