Palos Hills is a suburban city with a population of about 17,500. The pros and cons of homeownership in Palos Hills, Illinois, are as follows:

Pros:
- Palos Hills offers a blend of urban and suburban living, which makes it an attractive place to live for those who enjoy the best of both worlds.
- The city is home to relatively affordable housing, which can be appealing for those looking for an entry point into the housing market.
- Palos Hills has a good school district, which can be a valuable asset for those with school-aged children.
- The city is home to several parks and green spaces, which can provide a great outdoor experience for residents.

Cons:
- Palos Hills has a higher-than-average cost of living compared to other cities in Illinois, which can make it difficult for people with lower incomes to afford housing.
- The city's location means that it is more prone to natural disasters such as tornadoes and floods than other areas in Illinois.
- Although the crime rate in Palos Hills is lower than the national average, it is still a concern for many residents.

Overall, buying a home in Palos Hills, Illinois, can be a suitable option for those who are looking for a welcoming community, good school district, and value for money.