Johnstown, Colorado is a small, growing community with a population of about 17,000 people. Here are some general pros and cons of home ownership in Johnstown:

Pros:
1. Growing community: As a growing community, Johnstown has seen a lot of development in recent years. This means that there are newer homes available, as well as new businesses and amenities opening up.
2. Lower cost of living: Compared to other cities in Colorado, Johnstown has a relatively lower cost of living. This means that you may be able to find a good deal on a home compared to other areas in the state.
3. Good location: Johnstown is located within easy driving distance of both Denver and Fort Collins, two larger cities that offer a lot of job opportunities and fun activities.

Cons:
1. Weather: Colorado is known for its unpredictable weather, which can be a drawback for some people. Johnstown is no exception - you'll want to be prepared for everything from snowstorms to heatwaves.
2. Commute: If you work in Denver or Fort Collins, you'll need to deal with a potentially long commute. While Johnstown is located within easy driving distance of these cities, traffic can be a challenge.
3. Limited amenities: While Johnstown is growing, it's still a relatively small town. This means that you may have to travel to nearby cities to find certain amenities, like entertainment or shopping options.

Of course, these are just a few general pros and cons of home ownership in Johnstown. Your specific situation may bring additional factors into play.