Pros of homeownership in Grinnell, Iowa, include:

1. Value: The city of Grinnell has affordable housing and homeownership can be a good investment since home values tend to increase over time.

2. Community: Grinnell is a small town community that is very family-oriented. Homeownership in Grinnell can provide residents with a sense of community and belonging.

3. Quality of life: Grinnell has a low crime rate and the city's public services are well-respected. Homeownership in Grinnell could provide a high quality of life for residents.

4. Education: Grinnell has an excellent school district, with many highly-rated schools. Homeownership in Grinnell could provide access to quality education for families.

Cons of homeownership in Grinnell, Iowa, include:

1. Weather: Winters in Grinnell can be long and cold, which may not be desirable for everyone.

2. Replacements: As a homeowner in Grinnell, you might have to replace items like your roof, windows, or furnace sooner as these systems wear out faster in extreme weather conditions.

3. Limited job opportunities: Grinnell is a small community with a limited number of job opportunities. If you don't have a job lined up before moving to Grinnell, you might find it challenging to secure employment.

4. Isolation: The small town might feel isolated and lacking in certain amenities, cultural events, etc. If you prefer the amenities and attractions of bigger cities, Grinnell might not be a good fit for you.