Advantages of home ownership in Barrington, Rhode Island:

1. Strong Real Estate Market: Barrington is known for its strong real estate market which means home values tend to appreciate over time.

2. Low Property Taxes: Rhode Island has one of the highest property tax rates in the country, however, Barrington has relatively low property tax rates compared to other affluent communities in this area.

3. Access to Quality Education: Barrington boasts one of the best public school systems in the state, offering top-rated schools with high graduation rates and several higher education institutions within driving distance.

4. Coastal Location: Barrington is situated on the coast of Rhode Island, offering picturesque views of the water and easy access to several outdoor activities such as boating, fishing and hiking.

Disadvantages of home ownership in Barrington, Rhode Island:

1. High Cost of Living: Barrington is an affluent community which means that the cost of living, especially housing costs, can be quite high compared to other areas in the state.

2. Higher Flood Risk: Barrington is located on the coast of Rhode Island which means that certain areas of the community are at higher risk of flooding, especially during severe weather conditions.

3. Limited Public Transportation: The public transportation options in Barrington are limited, which means residents are more reliant on personal vehicles for transportation.

4. High Property Insurance Costs: Due to the coastal location, homeowners in Barrington may have higher property insurance costs.