Here are some pros and cons of homeownership in Alvarado, Texas:

Pros:
- Affordable housing: Alvarado's housing prices are lower than the national average, making buying a home more accessible for many.
- Growing town: Alvarado has experienced a population growth of 20% in the past decade. With this growth, the town is improving its infrastructure, adding amenities and services that make living there more convenient.
- Low property taxes: Texas is known for its low tax rates, and Alvarado is no exception. Homeowners in Alvarado enjoy some of the lowest property taxes in the state.
- Community feel: Alvarado boasts a tight-knit community, which can make it an appealing place to live for those who value neighbors and relationships.

Cons:
- Lack of amenities: While Alvarado is growing, it still lacks many of the amenities and services that larger cities offer. For example, the town has limited options for entertainment and dining.
- Limited job opportunities: Alvarado is small, which means that there aren't as many job opportunities as there would be in larger cities. Residents may have to commute to nearby towns to find work.
- Extreme weather: Texas is known for its hot summers, and Alvarado is no exception. Temperatures in the town can reach over 100 degrees Fahrenheit during the summer, which can be uncomfortable for some.
- Potential for natural disasters: Alvarado is in Tornado Alley, which means it is more likely to experience tornadoes and severe weather. This can be a concern for some homeowners.

Overall, while Alvarado has its pros and cons, it could be a good choice for those who value affordability, community, and a small-town atmosphere.