Jellico, Tennessee is a small town with a population of just over 2,000 residents. As with any place, there can be both pros and cons to homeownership in Jellico. Here are a few things to consider:

Pros:
- Lower cost of living: Jellico has a lower overall cost of living than the US average, which means that homeownership costs such as property taxes and mortgage payments may be more affordable.
- Tight-knit community: Small towns like Jellico often have a close-knit community feel, which can be appealing for families looking for a supportive environment.
- Rustic setting: The town is located in a mountainous area of Tennessee, which may appeal to those who enjoy the outdoors and a rustic setting.
- Potential for growth: The town is located near the border with Kentucky and is situated along important transportation routes, which could make it a hub for future growth.

Cons:
- Limited job opportunities: Jellico is a small town, and job opportunities may be limited. This could make it difficult for families who are looking for work in certain industries.
- Limited amenities: Jellico is a small town, and amenities such as shopping, dining, and entertainment options may be limited.
- Crime rate: Jellico has a higher crime rate than the US average, which could be a concern for some families.
- Natural disasters: Jellico is located in an area that is at risk for natural disasters such as tornadoes and floods.

Ultimately, whether homeownership in Jellico is right for you will depend on your individual needs and preferences. It may be worthwhile to visit the town and explore the area to get a better sense of whether it is a good fit for you and your family.