Living in Mascot, Tennessee has many advantages. For one, it is close to major cities like Knoxville and Chattanooga, offering access to the amenities of city life while still providing the peace and quiet of small-town living. It is also located near some of the state's most beautiful natural areas, such as the Great Smoky Mountains National Park and the Cherokee National Forest, making it an ideal spot for outdoor enthusiasts.

On the downside, Mascot is relatively isolated from larger metropolitan areas. This can make accessing certain services or resources more challenging than if one were living in a larger city. Furthermore, some of the local businesses may not be as up-to-date with modern trends as those found in larger cities.

Here are some potential pros and cons of home ownership in Mascot, Tennessee:

Pros:
- Affordability: According to Zillow, the median home value in Mascot is around $155,000. This is lower than the median home value for the state of Tennessee as a whole, which is around $221,000. This means that homes in Mascot may be more affordable than in other parts of the state.
- Rural living: Mascot is a small village located in a rural area of the state. This means that residents may enjoy a quieter way of life with more natural scenery and less traffic than in more urban areas.
- Proximity to Knoxville: Mascot is located relatively close to Knoxville, which is the third-largest city in Tennessee. This means that residents may have easy access to urban amenities such as shopping, dining, and entertainment.

Cons:
- Limited job opportunities: Because Mascot is located in a rural area, there may be limited job opportunities available locally. Residents may need to commute to Knoxville or other nearby cities for work.
- Limited amenities: Because Mascot is a small village, there may be limited amenities available locally. This means that residents may need to travel to nearby cities for shopping, dining, and entertainment options.
- Severe weather: Like many parts of the South, Mascot is located in an area that is prone to severe weather events such as tornadoes and thunderstorms. Residents will need to be prepared for these types of emergencies.

It is important to note that these pros and cons may not apply to everyone, as personal preferences and circumstances can vary widely. It is always a good idea to thoroughly research any area you are considering for home ownership and to consult with a trusted real estate professional to help you make the best decision for your specific situation.