Del Rey Oaks, California is a small village located in Monterey County. The pros and cons of home ownership in Del Rey Oaks might include:

Pros:
- Quiet and peaceful environment: Del Rey Oaks is a small and relatively quiet village that attracts homeowners who prefer to live in a serene and tranquil environment.
- Close proximity to education and career opportunities: The village is within close proximity to California State University, Monterey Bay, and various career opportunities in neighboring towns such as Monterey and Carmel.
- Good community services and security: Del Rey Oaks has a low crime rate and good public services such as fire and police departments.
- Property value appreciation: Properties in Del Rey Oaks have seen a steady appreciation in value over the years due to increasing demand from buyers.

Cons:
- High cost of living: The cost of living in Del Rey Oaks is relatively high compared to other parts of the state. Homeowners in the area may have to stretch their budgets to afford basic expenses such as groceries and other necessities.
- Limited recreational activities: The small size of Del Rey Oaks means that recreational activities are limited to a few parks and trails.
- Limited nightlife: The village has a limited nightlife and entertainment scene compared to neighboring towns such as Monterey.
- Limited housing options: Del Rey Oaks has a limited number of available houses, which might make the area more expensive for home buyers.

It is important to note that the pros and cons may vary depending on individual preferences and circumstances.