Neola, Iowa is a small village located about 20 miles east of Omaha, Nebraska. Despite its small size, there are pros and cons to consider when purchasing real estate in Neola:

Pros:
1. Quiet and peaceful village living, away from the hustle and bustle of city life.
2. Real estate prices in Neola are typically lower than larger cities.
3. Neola is conveniently located near Interstate 80, which runs east to west, making it easy to travel to nearby cities.
4. Low crime rates compared to larger cities, which can provide a greater sense of security.
5. The area has a strong sense of community, with several churches, organizations, and events.

Cons:
1. Limited job opportunities in Neola, as most residents commute to work in nearby cities.
2. Limited services and amenities, with only a few dining and shopping options.
3. Rural location may not be ideal for those who prefer living in or near urban areas.
4. Severe weather, including tornadoes, can be a risk in this region.
5. Limited access to healthcare facilities and services.

Overall, if you're someone who enjoys small-town living and values a close-knit community, Neola, Iowa may be a good place to consider purchasing real estate. However, if you prefer urban amenities and job opportunities, this location may not be the best fit for you.