There are several pros and cons to consider when buying a property in the city of Franklin, Indiana.

Pros:
1. Affordability: Franklin is a relatively affordable city with a lower cost of living compared to many other cities in the United States.

2. Location: Franklin has a central location within Indiana, with easy access to major cities like Indianapolis and Cincinnati.

3. Schools: Franklin Community Schools are among the best in Indiana, with high graduation rates and strong academic programs.

4. Natural beauty: The city is known for its beautiful parks, hiking trails, and outdoor recreational opportunities.

Cons:
1. Limited job opportunities: One of the biggest challenges in Franklin is the relatively limited job opportunities, which can make it difficult for residents to find work nearby.

2. Limited entertainment options: While Franklin offers many natural attractions, there are fewer entertainment options within the city limits compared to larger cities.

3. Extreme weather conditions: Indiana is susceptible to tornadoes, so it is important to keep this in mind when considering buying a property in Franklin.

4. Property taxes: While housing is relatively affordable, property taxes in Indiana can be high, which can impact your overall cost of living.

Considering all these factors can help you decide whether buying a property in the city of Franklin is the right decision for you. It's always a good idea to do your own research and consult with a local real estate agent before making any major purchasing decisions.