Pros of home ownership in Thomas, Oklahoma may include:

1. Affordability - The cost of homes in Thomas, Oklahoma is lower than the national average making it more affordable for residents to own a home.

2. Community - Thomas, Oklahoma is a small village, which could offer a close-knit community for residents that value a tight community bond.

3. Pride of ownership - Owning a home in Thomas, Oklahoma could provide a sense of pride and ownership that comes with being a homeowner.

4. Property appreciation - If the housing market in Thomas, Oklahoma appreciates over time, homeowners could potentially profit from the sale of their home.

Cons of home ownership in Thomas, Oklahoma may include:

1. Weather challenges - Thomas, Oklahoma is located in Tornado alley, which means the region, including Thomas, can be prone to severe weather conditions that could damage homes.

2. Remoteness - Thomas, Oklahoma can be challenging to get to since it is located approximately 100 miles west of Oklahoma City, so traveling to the city and other amenities could be an issue.

3. Limited job opportunities - Thomas, Oklahoma is a small village which may have limited job opportunities available.

4. Limited local amenities - Depending on the personal preferences of the home buyers, Thomas, Oklahoma may not have access to all the amenities that can be found in bigger cities such as shopping centers, movie theatres, and museums.