Rennerdale is a small village, so the pros and cons of home ownership largely depend on an individual's specific needs and preferences. However, here are some general pros and cons of home ownership in this area:

Pros:
- Rennerdale is known for its peaceful, family-friendly atmosphere with a tight-knit community.
- The cost of living in Rennerdale is relatively affordable compared to surrounding areas, making it an attractive option for those looking to buy a home on a budget.
- Homeowners are able to build equity in their property over time and can often see a return on investment when selling their home.
- Owning a home in Rennerdale allows residents to take advantage of the area's natural beauty and outdoor recreation opportunities, such as nearby parks, rivers, and hiking trails.

Cons:
- Due to the village's relatively remote location, access to amenities such as shopping, dining, and entertainment options may be limited.
- Property taxes in Allegheny County tend to be higher than the national average, which can impact a homeowner's overall expenses.
- While Rennerdale has a close-knit community, it may not have the same level of diversity and cultural opportunities as larger cities.
- Rennerdale is located in a region that experiences four distinct seasons, which can be a factor for some prospective homeowners who prefer milder climates.

Ultimately, the decision to buy a home in Rennerdale should be based on an individual's personal needs and preferences, factoring in the above pros and cons as well as any other factors that may be relevant to them.