Here are some pros and cons of purchasing real estate in the village of Baxter, Iowa based on general factors that affect the real estate market:

Pros:
- Affordable housing: According to Zillow, the median home value in Baxter is $131,600 which is lower than the Iowa median home value of $148,900.
- Good proximity to major cities: Baxter is located about 30 miles east of Des Moines, the capital city of Iowa. It is also located close to other major cities nearby, which could be an advantage for job opportunities or city amenities.
- A low crime rate: If you value safety, you may be interested to know that according to City Data, Baxter has fewer crimes compared to other cities in Iowa of similar size.

Cons:
- Limited Amenities: Baxter is a small community with a limited number of stores, restaurants, and services compared to larger cities.
- Rural Life: Some people might find the rural lifestyle in Baxter unappealing, especially if they're used to big cities.
- Income potential: Generally speaking, real estate properties in smaller towns and rural areas of Iowa do not experience as much demand as those in larger cities or urban areas, which means it can take longer to sell a property or earn less return on your investment.

It is important to note that this is just a general assessment. It is always a good idea to conduct extensive research, evaluate market trends and other factors, and consult with a local real estate agent before making any purchasing decisions.