Advantages of buying property in Bardstown, Kentucky may include:

1. Affordability: Bardstown is generally an affordable place to buy property, as it has a lower cost of living compared to many other cities in the United States.

2. Growing city: Despite its relatively small size, Bardstown is a growing city, which could make investing in property here a good long-term strategy.

3. Historical significance: Bardstown is known for its historical significance, as it is home to many well-preserved buildings and landmarks. This could make it an appealing place to live for those who appreciate history.

Possible disadvantages of buying property in Bardstown, Kentucky may include:

1. Limited job opportunities: As a smaller city, Bardstown may have fewer job opportunities compared to larger cities.

2. Limited amenities: Bardstown has fewer amenities compared to larger cities, which could be a disadvantage for those who enjoy big-city living.

3. Limited diversity: Bardstown is not a very diverse city compared to other regions. This could be a disadvantage for those who are looking for a diverse and multicultural community.

Keep in mind that these are general advantages and disadvantages and that the specific circumstances of each property purchase should be evaluated individually.