Old Lyme is a charming coastal town in Connecticut that offers residents a suburban feel. Here are some pros and cons of home ownership in Old Lyme:

**Pros:**
- Excellent schools: Old Lyme has some of the best schools in Connecticut. This is a big draw for families looking for a quality education for their children.
- Coastal living: Old Lyme is located on the coast, giving residents access to beautiful beaches and water activities. This is a big draw for people who enjoy spending time outdoors.
- Historic charm: Old Lyme is home to many historic buildings and homes. This can be appealing to people who enjoy the character of a town.
- Low crime rate: Old Lyme has a lower crime rate than the national average, making it an attractive place to live for those who prioritize safety.

**Cons:**
- High cost of living: The cost of living in Old Lyme is higher than the national average. This can make it difficult for some people to afford a home in the area.
- Limited job opportunities: Old Lyme is a small town with limited job opportunities. This can be challenging for people who need to find work in the area.
- Seasonal tourism: Old Lyme is a popular vacation destination in the summer months, which can make the town crowded and traffic heavy. This can be frustrating for residents who prefer a quieter lifestyle.
- Property taxes: Old Lyme has a high property tax rate compared to other towns in Connecticut. This can be a significant expense for homeowners.