Two great aspects of home ownership in Palmyra, Missouri are its affordability and its close proximity to nature. Palmyra is a relatively small city with a low cost of living, making it an ideal place to purchase a home. Additionally, Palmyra is surrounded by state parks and forests, giving homeowners the opportunity to enjoy outdoor activities like camping, fishing, and hiking.

One bad aspect of home ownership in Palmyra is the limited job opportunities. While there are some local businesses that operate in the area, most workers have to commute to nearby cities for employment. This can be a hindrance for those wanting to live and work in the same place.

Here are some pros and cons of buying property in Palmyra, Missouri:

Pros:
- Palmyra is a small town with a tight-knit community, making it a great option for those who value a sense of community.
- The cost of living in Palmyra is relatively low compared to many other areas, which can be attractive to those looking for affordable real estate options.
- Palmyra is located in a beautiful area of the Midwest, with access to plenty of outdoor recreation opportunities including hiking, fishing, and hunting.
- The local schools in Palmyra have a good reputation and are praised for their strong academic programs.

Cons:
- Palmyra is a relatively small town, which means there are fewer job opportunities compared to larger cities.
- While the cost of living is low, the median household income is also lower compared to many other areas, potentially making it difficult for some to make ends meet.
- Palmyra is located in an area that can experience extreme weather conditions, such as tornadoes, which may be a concern for some.
- The town lacks some of the amenities of larger cities, which can be a drawback for those who enjoy a wider variety of entertainment options.

Ultimately, whether buying property in Palmyra is a good decision for you will depend on your personal priorities and circumstances. If you prioritize affordability, a close-knit community, and outdoor recreation opportunities, Palmyra could be a great option for you. However, if you need access to a wider variety of job opportunities and entertainment options, you may want to consider other areas.