Home ownership in Pendleton, Madison County, Indiana has many great benefits.

First, the city of Pendleton is situated in a wonderful location. It is conveniently located near major highways and is just a short drive away from Indianapolis. This makes getting to work or running errands easy and convenient.

Second, Pendleton is known for its friendly and welcoming community. With events like the annual Summer Concert Series and the Christmas in Pendleton event, there are plenty of opportunities to get to know your neighbors and make lasting friendships.

Third, Pendleton offers a variety of housing options. Whether you are looking for a single-family home or an apartment, there is something for everyone in Pendleton.

The only unappealing thing about home ownership in Pendleton is that it can be quite expensive to purchase a home in this area. The cost of living is higher than many other areas of the state and it can be difficult to find an affordable home.

Pros of homeownership in Pendleton, Indiana could include:
- Affordable housing prices compared to some other areas of Indiana and the United States as a whole.
- A strong sense of community and small-town charm.
- The town's location, as it is close to major metropolitan areas like Indianapolis, but still offers a quieter, more suburban lifestyle.
- Good schools, making Pendleton an attractive place for families.

Cons of homeownership in Pendleton, Indiana could include:
- Limited employment opportunities locally, requiring a commute to work.
- Limited amenities and entertainment options, leading to a need to travel to other towns to access certain services.
- Limited diversity, as the town has a predominantly white population.
- The potential for natural disasters, such as tornadoes, which are not uncommon in Indiana.

It's important to note that this is not an exhaustive list, and the pros and cons of homeownership in Pendleton, Indiana may differ depending on specific individuals' lifestyle and priorities.