Great things about living in Ferriday:
1. Ferriday is situated in between two major metropolitan areas, Baton Rouge and Jackson, Mississippi, making it a great place to live if you want a small town atmosphere but with access to nearby big-city amenities.
2. With its close proximity to the Mississippi River, Ferriday offers plenty of recreational activities like fishing, boating, and swimming.

Unappealing thing about living in Ferriday:
The area is subject to periodic flooding due to its location on the river, which can be an inconvenience for many residents.

Pros of homeownership in Ferriday, Louisiana include:

1. Affordability: According to Zillow, the median home value in Ferriday is $86,800, which is lower than the Louisiana median of $164,700.

2. Small town feel: Ferriday is a tight-knit community with a small population of just over 3,000 people, which can make for a close-knit community.

3. Natural beauty: Ferriday is located on the bank of the Mississippi River and surrounded by beautiful, rural landscapes.

4. Investment potential: With its position between Baton Rouge, Louisiana and Jackson, Mississippi, Ferriday has potential as a real estate investment opportunity as the two urban centers continue to grow.

Cons of homeownership in Ferriday, Louisiana include:

1. Limited job opportunities: Ferriday is a small town with limited job opportunities, which could limit its appeal to potential residents.

2. Natural disasters: Ferriday is situated in an area that is prone to natural disasters, such as hurricanes and flooding.

3. Limited access to amenities: Because Ferriday is a small town, residents might have to travel farther to access certain amenities, like grocery stores or restaurants.

4. High property taxes: Property taxes in Louisiana are higher than the national average, which could make homeownership more expensive than anticipated.