Luxora, Arkansas is a small village located in Arkansas Delta. Here are some pros and cons of home ownership in Luxora:

Pros:
- Affordable home prices: Compared to larger cities in the U.S, home prices in Luxora are relatively affordable which can be advantageous for those on a budget.
- A small community: Luxora is a small village making it ideal for those who prefer to live in a small community where they can easily get to know everyone around them.
- Lower property taxes: Property taxes in smaller towns can generally be lower than they are in big cities.

Cons:
- Limited job opportunities: Luxora is a small village which means that job opportunities can be somewhat limited.
- Fewer amenities: Since Luxora is a small town, there are fewer amenities such as shopping centers, restaurants or entertainment and cultural options.
- Limited resale potential: If you're looking to purchase a home in Luxora, it's necessary you consider the limited resale potential since often home buyers prefer larger cities with an array of amenities and job opportunities.

It is essential to consider both the pros and cons before making the decision on whether to own a home in Luxora.