Pros of home ownership in Cherryvale, Kansas include:

1. Affordability: According to Zillow, the median home value in Cherryvale is below the national average, making it an affordable place to buy a home.

2. Peaceful environment: Cherryvale is a small town with a population of around 2,300, which offers a tranquil and peaceful environment for homeowners.

3. Community: The small size of the town makes for a close-knit community; homeownership in Cherryvale offers an opportunity to build relationships with neighbors and form a tight community bond.

4. Investment opportunity: Home ownership in Cherryvale may be a good investment opportunity as property values in this community are expected to appreciate.

Cons of home ownership in Cherryvale, Kansas may include:

1. Limited job opportunities: Cherryvale may not be an economic powerhouse with limited job opportunities, particularly those that require specialized skills.

2. Weather: Cherryvale experiences extreme winter weather, which can make homeownership difficult at times.

3. Limited amenities: Because Cherryvale is a small town, it may lack amenities and services that larger urban areas have.

4. Maintenance: Homeownership comes with regular maintenance and repairs, which can be difficult and expensive for some homeowners.