Rankin is a small, rural community located in West Texas, and home ownership in this area can offer several benefits. Here are a few:

1. Affordability: Compared to larger urban areas, home prices in Rankin are relatively affordable, which can make it easier to purchase a home and build equity.

2. Sense of community: With a population of just over 800, Rankin offers a tight-knit community feel where neighbors know each other and often look out for each other.

3. Access to natural resources: For those who love the great outdoors, being close to the region's natural resources like Big Bend National Park, Oil Field Museum, and the Monahans Sandhills State Park can be a huge advantage.

4. Peaceful living: The quiet, peaceful surroundings in Rankin can make for a relaxing and stress-free living environment, which is ideal for those who want to escape the hustle and bustle of big city life.

5. Low property taxes & cost of living: The lower cost of living in Rankin can be attractive to homeowners, and homeowners can take advantage of the lower property tax rates in Upton County.

Keep in mind that these are just a few benefits. It's essential to research and consider all aspects of home ownership in Rankin or any place you're considering to buy a home.