Here are some possible pros and cons of home ownership in Palmyra, New Jersey:

Pros:
- Affordable housing: The median home value in Palmyra is about $168,000, which is lower than the New Jersey median home value of about $330,000.
- Good location: Palmyra is near the Delaware River and has easy access to major highways and bridges, making it convenient for commuting to Philadelphia or other parts of New Jersey.
- Small-town charm: Palmyra has a population of about 7,000 people and a close-knit community feel. There are several parks, restaurants, and events throughout the year that residents can enjoy.
- Investment potential: If the housing market in Palmyra and the surrounding areas continues to appreciate, owning a home in Palmyra could potentially generate a good return on investment.

Cons:
- Property taxes: New Jersey has some of the highest property taxes in the country, and Palmyra's property tax rate is about 2.6%, which could add up to a significant expense for homeowners.
- Flood risk: Palmyra is near the Delaware River, which could pose a flood risk for some homes in the town.
- Limited job options: Palmyra is a small town that doesn't have a lot of job opportunities within its borders, which could make it difficult for some residents to find work locally.
- Crime rate: According to some sources, Palmyra has a higher crime rate than the national average, which could be a concern for some homeowners.

Overall, whether or not owning a home in Palmyra, New Jersey is a good decision depends on many factors, such as your financial goals, lifestyle preferences, and personal circumstances. It's important to do your own research, compare your options, and consult with a real estate agent and/or financial advisor to help you make an informed decision.