Advantages of homeownership in Minster, Ohio include:

1. Stable and Strong Housing Market: The housing market in Minster, Ohio, is known for being relatively stable, with reasonable home prices that have been increasing consistently over time.

2. Low Cost of Living: The cost of living in Minster, Ohio, is relatively low compared to the national average, making it an affordable place to live and own a home.

3. Tight-knit Community: Residents of Minster, Ohio, often describe the village as a tight-knit community, where people know their neighbors and look out for each other.

Disadvantages of homeownership in Minster, Ohio include:

1. Property Tax Rates: Property taxes in Auglaize County, where Minster is located, are relatively high compared to other parts of Ohio, making homeownership costs relatively expensive.

2. Weather: Like many parts of the Midwest, Minster experiences harsh winters with lots of snow and icy conditions. This can make home maintenance more challenging and more expensive.

3. Location: While Minster is a beautiful village located in a peaceful part of Ohio, some may find it to be too remote. It is about an hour's drive to the closest major city of Dayton, Ohio.

Overall, Minster, Ohio, can be an excellent place to own a home for those seeking a tight-knit community, stable real estate market, and a low cost of living. However, high property taxes, harsh weather conditions, and its somewhat remote location may deter some potential homeowners.