Rockaway, New Jersey is a great suburban town to live in, but like any other area, it has its pros and cons when it comes to home ownership. Here are some advantages and disadvantages of owning a home in Rockaway, NJ:

Advantages:

1. Good schools: Rockaway has some excellent local schools, which is great for families with children who want to ensure that their kids receive a quality education.

2. Quiet community: Rockaway is a peaceful and quiet area that's perfect for those who want to escape the hustle and bustle of city life.

3. Proximity to outdoor activities: Rockaway is surrounded by beautiful natural areas, which makes it an ideal location for those who enjoy hiking, fishing, and other outdoor activities.

4. A wide variety of home options: There are many different types of homes available in Rockaway, ranging from cozy starter homes to larger, more luxurious properties.

Disadvantages:

1. High property taxes: The property taxes in Rockaway can be quite expensive, which can make it difficult for some homeowners to afford their homes.

2. High cost of living: The cost of living in Rockaway is also relatively high, which can make it challenging for some homeowners to afford basic necessities.

3. Lack of public transportation: Although you can easily get around by car in Rockaway, there aren't many public transportation options available.

4. Limited job opportunities: There aren't many employment options available in Rockaway, which can make it challenging for some residents to secure well-paying jobs.

Overall, Rockaway, New Jersey is a desirable area to live in, but it's important to consider the advantages and disadvantages of home ownership in this town before making a decision.