Advantages of homeownership in Minerva, Ohio include:

1. Equity - Homeownership builds equity over time, which can be used to finance future investments.
2. Stability - Homeownership provides stability and a sense of belonging to a community.
3. Tax benefits - Homeowners are eligible for tax deductions on mortgage interest payments, property taxes, and other expenses related to owning a home.
4. Freedom - Homeowners have the freedom to make changes to their property as they see fit, without seeking approval from a landlord.

Disadvantages of homeownership in Minerva, Ohio include:

1. Cost - Homeownership can be expensive, with mortgage payments, property taxes, insurance, and maintenance costs adding up.
2. Lack of mobility - Homeowners may find it difficult to relocate for job or personal reasons, as selling a home can take time.
3. Maintenance - Homeowners are responsible for maintaining their property, which can be time-consuming and expensive.
4. Risk - Homeownership also carries the risk of property damage, natural disasters, and liability issues.