Pros for buying property in Ellis, Kansas include:

1. Affordability - While the real estate market is on the rise, properties in Ellis remain affordable compared to many other parts of the country.
2. Small-town charm - The village of Ellis has a tight-knit community and a small town feel, which can be attractive for those who enjoy a slower pace of life.
3. Access to amenities - Despite its small size, Ellis has a few restaurants, shops, and other services that can cater to everyday needs.
4. Outdoor activities - The surrounding area offers plenty of opportunities for outdoor recreation, including hiking trails, campsites, and fishing areas.

Cons for buying property in Ellis, Kansas include:

1. Limited employment opportunities - There are few large employers in the area, so finding a job may be challenging for some individuals.
2. Limited healthcare options - There are no major hospitals or medical facilities located directly in the village of Ellis, so residents may need to travel to larger cities nearby for medical care.
3. Limited cultural opportunities - While there are several sports teams and clubs in the area, residents looking for cultural activities such as museums, theaters or art galleries may need to travel to larger cities.
4. Extreme Weather - Tornadoes and severe thunderstorms can be common in this part of the country, which can be frightening and cause damage to property.