Underwood, Iowa is a small village that is located in a scenic area, near the Missouri River. Some pros of buying property in Underwood may include:

1. Affordable real estate prices: The cost of living in Underwood is relatively low compared to the national average, and housing costs are affordable.

2. Small-town charm: Underwood is a small village with a tight-knit community, which can provide a friendly and supportive environment for those who enjoy the small-town lifestyle.

3. Access to outdoor recreation: Underwood is located near the Loess Hills, which provides outdoor recreational opportunities, such as hiking and camping.

4. Easy access to Omaha: Underwood is located just 20 miles east of Omaha, which provides residents with access to a larger city, bigger job opportunities, and entertainment options.

On the other hand, some cons of buying property in Underwood may include:

1. Limited job opportunities: Since Underwood is a small village, there may be limited job opportunities available, especially for those who are seeking higher-paying positions.

2. Limited amenities: Underwood is a small village and may not provide the same amenities and conveniences as larger cities or towns.

3. Extreme weather conditions: Iowa can experience extreme weather conditions, such as tornadoes, which may disrupt daily life.

4. Limited school options: Underwood has a limited number of schools, which may not be suitable for families with specific education needs.

It's essential to consider your lifestyle needs and priorities in terms of economic, cultural, and environmental factors before making a decision about buying property in Underwood, Iowa.