Pros:
1. Affordable Housing: The cost of living in North Vernon, Indiana is lower compared to the national average, including the cost of homes. This makes purchasing a home in North Vernon a more affordable option for buyers.

2. Lower Property Taxes: The tax rate in North Vernon is generally lower compared to other states, making it more affordable to own a home.

3. Community Involvement: North Vernon has an active neighborhood association and community events. Homeowners in North Vernon have the opportunity to participate in community activities and connect with their neighbors.

Cons:
1. Limited Job opportunities: North Vernon has limited job opportunities compared to bigger cities. This may make it difficult for homeowners who are looking for employment.

2. Limited Social Amenities: While North Vernon has its share of amenities, such as registered parks, a municipal swimming pool, and community center. It has limited options in social amenities.

3. Extreme weather: North Vernon experiences extreme winter conditions like snow and ice storms, which can be difficult to manage and may cause home maintenance issues.

Ultimately, homeownership in North Vernon could be a good investment if you want to live in a tight-knit and friendly community with a lower cost of living. However, limited career opportunities and unfavorable weather conditions may be something to consider before buying a home in North Vernon.