Pros of homeownership in Middlebury, Indiana:

1. Affordability: The cost of living in Middlebury, Indiana is fairly low compared to national and state averages. As a result, homeownership is relatively affordable.

2. Community: Middlebury has a strong sense of community, making it an ideal place for homeowners who want to have a sense of belonging and stay connected with their neighbors.

3. Family-friendly: Middlebury is a family-friendly town with excellent schools and plenty of parks and recreational opportunities.

4. Growing economy: The town of Middlebury is experiencing an economic growth, creating new job opportunities and business investments.

Cons of homeownership in Middlebury, Indiana:

1. Extreme Weather: Middlebury also experiences extreme weather changes characterized by long winters and humid summers, which can affect the home's condition if not properly maintained.

2. Limited Amenities: The small size of Middlebury while significant for family life, limits the availability of certain amenities that you might need.

3. Distance from major cities: Distance from major cities and transport infrastructure also may affect how easy it is to travel to and from Middlebury.

4. Limited nightlife: If you are looking for a lot of entertainment options, Middlebury may not offer much of a nightlife outside of its small-town atmosphere.