Living in North Madison, Lake County, Ohio has its advantages. The city is conveniently located near major highways and cities, making it easy to access the amenities of a larger city while still living in a smaller town with a close-knit community. The public school system is well-respected and provides excellent educational opportunities for children.

The downside of living in North Madison is that it can be expensive. With so many people wanting to live in a smaller city, the cost of housing can be quite high and the cost of living is above average. Additionally, there are limited job opportunities available in the city itself, though there are plenty of travel options to nearby cities where you can find work.

Pros of home ownership in North Madison, Ohio may include:

1. Lower cost of living compared to nearby cities like Cleveland and Columbus.
2. Access to beautiful scenery and outdoor recreational activities, including parks and Lake Erie.
3. Strong sense of community and good schools.
4. Steady housing market with relatively affordable home prices and low property taxes.
5. Good access to major highways, making for an easy commute to nearby cities for employment opportunities.

Cons of home ownership in North Madison, Ohio may include:

1. Harsh winter weather conditions, including snow and cold temperatures.
2. Limited availability of certain amenities, including upscale shopping and dining options.
3. Relatively rural location, which may not appeal to everyone.
4. Limited job opportunities in the immediate area, which may require residents to commute longer distances for work.
5. Potential for summer tourism to increase traffic congestion and crowds.