Pros of home ownership in Palm City, Florida include:

1. Excellent weather: Palm City has a warm and tropical climate, meaning homeowners get to enjoy pleasant weather all year round.

2. Access to water: Living in Palm City, homeowners get access to the St. Lucie River, which is perfect for outdoor activities such as boating and fishing.

3. Exceptional schools: Palm City has some of the best schools in the state of Florida, making it an ideal place to raise a family.

4. Plenty of outdoor activities: Palm City has several parks, beaches, and golf courses, providing plenty of activities for residents who enjoy spending time outdoors.

Cons of home ownership in Palm City, Florida include:

1. Hurricanes: Palm City is in a hurricane-prone area, meaning that homeowners may have to deal with storm damage and other issues during hurricane season.

2. High cost of living: Living in Palm City is relatively expensive, particularly when compared to other locations in Florida.

3. Traffic congestion: The city's popularity as a destination means that there is often significant traffic congestion on the roads, particularly during peak hours.

4. Crime: While Palm City is generally safe, like any town, it does have a crime rate that should be taken into consideration when purchasing a home.