Good:
1. Alexander is located in the beautiful natural landscape of Pulaski County, Arkansas, providing residents with plenty of outdoor activities and stunning views.
2. The city is home to a variety of small businesses, giving residents plenty of local shopping and dining options.

Bad:
1. Alexander's crime rate is higher than the national average, making it important to take safety precautions when living in the city.

I can provide you with some general pros and cons to consider when purchasing real estate in the village of Alexander, Arkansas.

Pros:
- Cost of living: The cost of living in Alexander is lower than the national average, which could make it an affordable option for those looking to buy a home.
- Quiet living: Alexander is a small village with a population of just over 2,000 people, making it a quiet and peaceful place to live.
- Proximity to Little Rock: Alexander is just 14 miles south of Little Rock, which could provide residents with access to the amenities of a larger city.

Cons:
- Limited job market: As a small village, Alexander has a limited job market, which could make it difficult to find employment opportunities.
- Lack of amenities: Alexander is a small village, so there may be limited amenities and entertainment options in the area.
- Risk of natural disasters: Arkansas is known for tornadoes, so there is a risk of natural disasters in the area.

It's important to note that these are just general pros and cons, and there may be specific factors to consider when purchasing real estate in Alexander depending on your individual situation and needs. It's always a good idea to do your own research and consult with a local real estate agent before making a decision.