Pros of home ownership in Tangelo Park, Florida include:

1. Affordability: Tangelo Park has a lower cost of living compared to the state and national average.

2. Great location: It is located right in the heart of Florida, making it easy to access all the major attractions and amenities Florida has to offer.

3. Good schools: The area has excellent education opportunities featuring some of the top-rated schools and colleges in Florida.

4. Home appreciation: Home values in Tangelo Park have continued to appreciate over the years.

Cons of home ownership in Tangelo Park, Florida include:

1. Flooding: Due to its location in a flood-prone area, Tangelo Park homes may be at risk for flooding during heavy rain and storms.

2. Extreme weather events: The area is susceptible to hurricanes and tropical storms, which can cause severe damage to homes and buildings.

3. Crime: Tangelo Park's crime rate is higher than the national average, which may be a concern for homeowners.

4. Traffic: Tangelo Park is a heavily populated area which can result in traffic jams during peak hours.

It's important to consider both the advantages and disadvantages of homeownership in Tangelo Park before making a decision. You may also want to consult with a local real estate agent or financial advisor for more personalized guidance.