Advantages of home ownership in Ajo, Arizona include:

1. Affordable properties: Compared to other parts of Arizona, Ajo offers affordable housing options.

2. Stable property values: Historically, Ajo's housing market has maintained steady property values over time.

3. Quiet and tranquil living: Ajo is a peaceful and picturesque town, which can be perfect for those looking for a slower-paced lifestyle.

4. Tight-knit community: Ajo is a close-knit community that welcomes newcomers and fosters a strong sense of community.

Disadvantages of home ownership in Ajo, Arizona include:

1. Limited job opportunities: While Ajo has a number of local employers, there are fewer job opportunities compared to larger cities.

2. Limited amenities: Ajo is a small town and has limited amenities, including fewer dining and shopping options.

3. Distance to major cities: Ajo is located in a remote part of Arizona, which means that getting to larger cities may require a longer drive.

4. Extreme climate conditions: Like much of Arizona, Ajo experiences hot and dry summers, which may not be suitable for everyone.

Ultimately, whether home ownership in Ajo, Arizona is advantageous or not will depend on individual circumstances and preferences.