Here are some potential pros and cons of purchasing real estate in the village of Richwood, Ohio:

Pros:
- Affordability: According to Zillow, the median home value in Richwood is currently around $170,000. This may be attractive to buyers who are interested in purchasing a home with a more modest budget.
- Small town feel: Richwood is a small village, with a population of just over 2,000 people. This may be appealing to buyers who enjoy a tight-knit community feel.
- Proximity to larger cities: Richwood is located about an hour northwest of Columbus, the largest city in Ohio. This may be attractive to buyers who want to have easy access to urban amenities while still enjoying a more rural lifestyle.

Cons:
- Limited amenities: As a small village, Richwood may not have all of the amenities that some buyers are looking for. For example, there may be limited options for dining, shopping, or entertainment.
- Distance from major job centers: While Richwood is relatively close to Columbus, it may still be a significant commute for people working in the city. This could make it less attractive to some buyers.
- Limited appreciation potential: According to Zillow, home values in Richwood have not appreciated very quickly in recent years. This may indicate that there is limited potential for significant investment returns for buyers who are looking to make a profit on their home.

Ultimately, the decision to purchase real estate in Richwood or any other area will depend on a variety of factors, including personal preferences, financial goals, and lifestyle considerations.