There are several advantages and disadvantages to homeownership in Niles, Michigan. Let's go over some of them:

Advantages:
1. Affordability: Niles is an affordable place to live, which means that homeownership may be more accessible to those with lower incomes. The median home value in Niles is $82,000, which is significantly lower than the national median home value of $266,000.
2. Small town feel: Niles has a small town feel, which can be appealing to those who enjoy a slower pace of life and a sense of community and familiarity.
3. Proximity to natural resources: Niles is located near the St. Joseph River and numerous lakes and parks, which offers residents access to a variety of outdoor recreational opportunities.

Disadvantages:
1. Limited job opportunities: Niles has a relatively small job market, which could make it challenging for residents to find employment opportunities in their fields.
2. Harsh weather: Michigan is known for its cold and snowy winters, which could make homeownership in Niles more challenging for those who aren't accustomed to harsh weather conditions.
3. Limited cultural offerings: Compared to larger cities, Niles may have fewer cultural offerings, such as museums, galleries, and theaters.

Overall, the choice of whether to become a homeowner in Niles, Michigan will depend on an individual's personal circumstances and preferences. It is important to weigh both the advantages and disadvantages before making a decision.