Palm Springs, Florida is located in Palm Beach County, the city's latitude is 26.6 degrees N and longitude is 80.1 degrees W.

Here are some pros and cons of home ownership in Palm Springs, Florida:

Pros:
- Affordable homes: compared to other areas of Palm Beach County, Palm Springs has relatively more affordable homes. This could be a good option for those who want to live in Palm Beach County but aren't looking for the high prices of some of the county's more affluent areas.
- Access to beaches: Palm Springs is only a few miles away from the Atlantic Ocean, which gives homeowners the advantage of being able to enjoy nearby beaches frequently.
- Cultural activities: Palm Springs is located close to cultural attractions, such as the Norton Museum of Art and the Kravis Center for the Performing Arts.
- Good schools: The Palm Beach County School District operates a few schools within Palm Springs, some of which have received good ratings.

Cons:
- High property taxes: Palm Beach County has some of the highest property taxes in the state, so owning a home in Palm Springs means paying relatively high taxes.
- Hurricane risk: Like many other coastal cities in Florida, Palm Springs is at risk of being hit by hurricanes. Property owners need to ensure they have the proper insurance in place to cover any potential damage.
- High humidity: Florida is known for its humid climate, which could make it uncomfortable for some people. This is something to consider, especially for those who aren't used to hot and humid weather.
- Traffic: While Palm Springs isn't as congested as other areas in Palm Beach County, its location near major highways and interstates can mean some delays during rush hour.