Here are some general advantages and disadvantages of homeownership in Appleton City, Missouri:

Advantages:
1. Equity: When you own a home, you build equity over time which means you can sell the home for a profit in the future.
2. Stability: Owning a home provides stability and long-term security, as opposed to renting where leases can be up every year or so.
3. Control: As a homeowner, you have control over your property and can make changes or renovations to your home without having to consult with a landlord.
4. Tax Benefits: Homeownership can provide a variety of tax benefits, such as mortgage interest deductions and property tax deductions.

Disadvantages:
1. Financial Responsibility: Homeownership comes with significant financial responsibility like property taxes and significant repair and maintenance bills.
2. Lack of Flexibility: owning home ties you down to one location which may become problematic if you need to move.
3. Potential for Depreciation: In some cases homes may lose value instead of gaining equity in the market, which can be a disadvantage when the home owner decides to sell.
4. High Upfront Costs: Homeownership typically requires significant upfront costs in the form of down payments, closing costs, and other expenses.

These are general advantages and disadvantages of homeownership as well as the specific factors in Appleton City, Missouri might vary depending on factors such as the local real estate market, taxes, and other local factors.