Living near Oakwood, Illinois has many positive aspects. First, Oakwood is a small city with a population of just over 300 people, so it has a cozy and welcoming atmosphere. Second, the city is located in beautiful Vermilion County, which is home to many natural attractions such as rivers and lakes, forests, and parks. The area is great for outdoor activities like camping, fishing, and hiking.

On the downside, living near Oakwood can be isolating. Since it is a small town and there are few nearby cities, it can be difficult to find activities to do or places to shop. Additionally, the area does not have much in terms of public transportation or other forms of transportation, making it difficult to get around without a car.

Here are some benefits of homeownership in Oakwood, Illinois:

1. Equity and investment potential: Homeownership allows you to build equity in your property and provides a long-term investment opportunity.

2. Tax Benefits: Owning a home in Oakwood, Illinois may qualify you for certain tax benefits, such as deductions for mortgage interest and property taxes.

3. Sense of community: Oakwood, Illinois is a close-knit community that values its residents. Owning a home in Oakwood can help you become a part of the community and establish long-lasting relationships.

4. Stability: Homeownership can provide stability for you and your family, as you have control over your living situation and don't have to worry about the possibility of your landlord selling the property or raising the rent.

5. Financial security: Homeownership can be a foundation of financial security, as your home may appreciate in value over time, providing a valuable asset for your future.

6. Personalization: Owning a home in Oakwood allows you to customize your living space to meet your individual needs and tastes, which can be difficult to achieve when renting.