Some pros of home ownership in Edwardsville, Illinois include:

1. Stable Housing Costs: As a homeowner, you will have a fixed mortgage rate, whereas those who are renting properties are vulnerable to rent increases.

2. Potential for Equity: As you pay off your mortgage, you are building equity in your home which can be used to finance future purchases or towards retirement.

3. Tax Benefits: Homeowners are able to deduct mortgage interest and property taxes from their income tax returns, which can help to reduce overall tax liability.

4. Pride of Ownership: Owning your own property gives you the ability to make home improvements and build memories in a place that you can call your own.

Some cons of home ownership in Edwardsville, Illinois include:

1. Costs: Along with mortgage and property tax payments, homeowners are responsible for maintenance and repair costs.

2. Lack of Flexibility: Owning your own home can limit your ability to move for job or personal reasons.

3. Down Payment: Saving for a down payment can be difficult for first-time buyers.

4. Property Values: Property values can fluctuate and decrease, potentially leading to a decrease in equity.