Pros of home ownership in the village of Lewis, New York might include:

1. Affordability: The cost of living in Lewis is relatively low compared to many other areas in New York.

2. Peaceful and quiet environment: The village of Lewis is located in a rural area and provides a peaceful and tranquil environment.

3. Close-knit community: The village is small, and this creates a sense of a tight-knit community among residents.

4. Opportunity to build equity: Homeownership is one of the most reliable investments you can make towards your financial future, and it can help you build equity over time.

Cons of home ownership in the village of Lewis, New York might include:

1. Lack of job opportunities: The village is located in a rural area, and job opportunities may be limited.

2. Limited entertainment and cultural options: Residents may have to travel outside the village to access various entertainment and cultural amenities.

3. Distance from major cities: The village is situated far away from major cities in New York, which may be inconvenient for some residents who require access to more significant facilities.

4. Maintenance and upkeep costs: Typically, homeowners are responsible for the maintenance and upkeep of their properties, so the cost of repairs and maintenance might be higher in a rural area like Lewis.