Hazel Crest is a village in Cook County, Illinois. Here are some advantages and disadvantages of homeownership in Hazel Crest:

Advantages:
- Hazel Crest offers a variety of housing options at relatively affordable prices, compared to other areas in the Chicago metropolitan region.
- Property values in Hazel Crest have traditionally remained stable, which can make it a good long-term investment.
- Hazel Crest has a diverse population and a community-oriented town center, which can make it an attractive place to live.
- Hazel Crest is located close to the city of Chicago with easy access to I-294, making it easy to commute.

Disadvantages:
- Like many cities in the Chicago metropolitan region, Hazel Crest has a relatively high property tax rate, which can make it expensive to own a home.
- Crime rates in Hazel Crest are higher than the national average, particularly when it comes to property crimes. This can make it harder to feel secure in your home.
- Hazel Crest is located in an area at risk of severe weather events like thunderstorms and tornadoes, which could potentially damage or destroy property.

It's essential to do extensive research and speak with local real estate agents to understand the housing market and the area's pros and cons before making a home purchase decision.