Advantages of buying property in the village of Owensville, Missouri may include:

1. Lower cost of living: Owensville may have a lower cost of living compared to big cities, which would reduce expenses like housing, groceries, and more for you.

2. Peaceful environment: Owensville is a small village, which could provide a relaxed living experience, free of the fast-paced lifestyle of big cities.

3. Sense of community: With small communities like Owensville, there is a greater sense of camaraderie and support among neighbors.

Disadvantages of buying property in Owensville, Missouri may include:

1. Limited job opportunities: Small towns like Owensville may have few jobs available, which could limit your earning potential.

2. Limited shopping and entertainment options: There may be fewer choices in terms of shopping and entertainment compared to larger cities.

3. Limited city services: Basic amenities such as healthcare, public transportation, and public services could be limited in Owensville.

It would be best to conduct further research and get a better understanding of the local property market before making a decision to purchase property in Owensville, Missouri.