Pros of homeownership in Adrian, Michigan include:

1. Stable housing costs: Owning a home in Adrian, Michigan can provide a sense of financial stability as your mortgage payment remains fixed over the life of your loan.

2. Property appreciation: Over time, property in Adrian, Michigan may appreciate in value, giving you a return on your investment when you decide to sell.

3. Pride of ownership: Owning a home can be personally rewarding and give you a sense of pride in your property and community.

4. Increased privacy: Homeownership provides more privacy as you do not need to share walls, floors, or ceilings with neighbors like you do in an apartment.

Cons of homeownership in Adrian, Michigan include:

1. Maintenance costs: As a homeowner, you will be responsible for maintaining your property, which can be costly and time-consuming.

2. Property taxes: Property taxes in Michigan can be high which can affect affordability.

3. Limited mobility: Owning a home can limit your mobility if you are tied down to a specific location due to work or other obligations.

4. Fluctuating housing market: The housing market can be unpredictable and may experience fluctuations in value depending on economic conditions.