Gloucester City, New Jersey has its own set of advantages and disadvantages as a location to buy property. Here are some potential pros and cons:

Pros:
- Good location: Gloucester City is located in a centralized location within the state of New Jersey making it easy to get to other parts of the state for work or leisure.
- Affordability: The cost of living in Gloucester City is relatively affordable when compared with the rest of the state, and this could also apply to the cost of property as well.
- Housing options: There is a range of housing options available, especially those in walkable areas, with some properties having outdoor space.

Cons:
- High taxes: New Jersey has some of the highest property taxes in the United States, and Gloucester City is no exception. High taxes can make owning property more expensive.
- Natural Disasters: Being located in the northeastern region of the United States, Gloucester City is subject to severe weather conditions, such as hurricanes or winter storms, which could damage properties.
- Crime Rate: Gloucester City falls in the middle of the list of the towns with higher crime rate. It could affect the sense of safety for potential residents.

It is still very important to conduct thorough research and seek professional guidance, especially from a local real estate agent, before making any significant financial decisions.