Living near Little River Academy has many great benefits. Firstly, it is a charming small town with a rich history and culture, making it a great place to live and raise a family. Secondly, the city is conveniently located in Bell County which boasts an array of recreational activities, great shopping and dining options, and access to major cities such as Austin and Waco. The only downside to living near Little River Academy is that property taxes can be slightly higher than other areas of the county.

Here are some pros and cons of home ownership in Little River-Academy, Texas:

Pros:
1. Affordability: Little River-Academy offers affordable housing options compared to many other areas in Texas, making it an ideal location for first-time homebuyers.
2. Peaceful living: The village offers a peaceful living environment, which is ideal for families and retirees looking to settle down and enjoy a quiet life.
3. Strong job market: The area has a strong job market, providing residents with ample employment opportunities.
4. Low taxes: Texas has relatively low taxes, which can be a pro for homeowners.

Cons:
1. Natural disasters: Little River-Academy is prone to natural disasters such as floods and tornadoes, which could pose a threat to homeowners in the area.
2. Limited amenities: The village has limited amenities compared to larger cities, so residents may have to travel to larger cities to access certain facilities.
3. Limited entertainment options: Entertainment options in the village are limited, making it difficult for families and young people to find activities to participate in.
4. Commuting: Little River-Academy is a small village, and many residents commute to larger cities such as Waco or Temple, which can be time-consuming and expensive.

It's important to note that these are just some of the pros and cons of home ownership in Little River-Academy, and everyone's experience may differ depending on their individual circumstances and preferences.