Craig is a small village located on the west-coast of Prince Wales Island in Alaska. As with any property investment, there are advantages and disadvantages to purchasing real estate in Craig, Alaska.

Pros:

- Craig is known for its stunning scenery and abundant wildlife, making it a popular destination for outdoor enthusiasts looking for a peaceful retreat.
- Craig has a thriving fishing industry, with salmon, halibut, and Dungeness crab being the main catches. If you enjoy fishing, Craig might be the perfect place to invest in a vacation home or rental property.
- Property prices in Craig can be lower compared to other areas of Alaska, making it an affordable option for those who want to own a piece of Alaskan real estate.
- The village provides a strong sense of community and has a range of social activities.

Cons:

- Craig is a remote location, and its isolation might make it challenging for some to access amenities and services. You may need to travel to Ketchikan or a nearby city for access to shopping, healthcare, and other essential services.
- The village's geography is affected by heavy rainfall, which can cause some roads to be closed, or other infrastructure problems during storms.
- Making a living can be difficult in a small town and Craig is a small village with little industry meaning that it can be difficult to find work.
- Limited facilities may mean that internet connectivity and other home services can be more challenging compared to more 'built-up' locations.

Overall, depending on your personal preference, purchasing real estate in Craig, Alaska, could be an incredibly rewarding experience. Still, it's essential to weigh the pros and cons before making a decision to avoid any disappointment.