Advantages of owning a home in Rison, Arkansas could be:

1. Affordability: The cost of living in Rison, Arkansas is lower than the national average, which could make homeownership more affordable in the village.

2. Peaceful living: Rison is a small, quiet village, which could be a positive for those looking to live a peaceful life away from the hustle and bustle of bigger cities.

3. Sense of community: Residents of Rison generally know each other, and there is a strong sense of community among locals.

4. Investment: Owning property in Rison could be a good investment, as property values over time have generally increased.

Disadvantages of owning a home in Rison, Arkansas could be:

1. Limited job opportunities: There are fewer job opportunities in the village than in larger cities, which could make it difficult to find employment or advance in your career.

2. Limited resources: Because of its small size, Rison may not have as many resources as larger cities, such as advanced medical facilities, schools or entertainment venues.

3. Distance from larger cities: Rison is further away from larger cities, which could limit access to certain amenities.

4. Limited diversity: Rison is a small, predominantly white village with limited racial and cultural diversity.