Pros of homeownership in Lilbourn, Missouri:
- Lower cost of living compared to bigger cities.
- Relative affordability of real estate, which means more opportunities for homeownership than in other parts of the country.
- Potential to build equity over time.
- Tight-knit community with a strong sense of local pride.

Cons of homeownership in Lilbourn, Missouri:
- Lower property values compared to bigger cities, which could limit the opportunity for appreciation.
- Limited options for higher-paying jobs within the community could make it difficult to afford a mortgage or save for retirement.
- Limited access to high-quality healthcare and education services may impact quality of life for some homeowners.
- Natural disasters such as tornadoes and flooding can be a potential risk in the area.