There are several factors to consider when deciding whether to buy property in New Hampton, Iowa.

Pros:

1. Affordability - The cost of living in New Hampton is lower than the national average, making it an attractive option for people looking for affordable housing.

2. Small Town Charm - New Hampton is a small town with a friendly community, making it an ideal place to raise a family or retire.

3. Good Schools - The schools in New Hampton are highly rated, with a low student-teacher ratio, and several extracurricular activities.

4. Diverse Economy - The economy of New Hampton is diverse, with agriculture, healthcare, and manufacturing being the top industries.

Cons:

1. Limited Job Opportunities - Small towns like New Hampton may have limited job opportunities, which can make it difficult for people looking for work.

2. Remote Location -New Hampton is located in a rural area, which may be a disadvantage for those who prefer the amenities and conveniences of city living.

3. Harsh Winters - Iowa is known for its harsh winters, and New Hampton is no exception. Residents may have to deal with extreme cold temperatures, and heavy snowfall.

Overall, if you are looking for a quiet, affordable, and family-friendly town, New Hampton may be a good fit for you. However, if you prefer a more urban or cosmopolitan lifestyle and job opportunities, you may want to explore other options.