Here are some potential pros and cons of buying property in the village of Homer, Illinois:

Pros:
- Homer is a small, quiet village with a population of less than 1,000 people, which may be appealing for those who prefer a more rural lifestyle.
- The cost of living in Homer may be lower than in larger nearby cities, such as Champaign or Chicago.
- Homer is situated near natural attractions like the Homer Lake Forest Preserve and Kickapoo State Recreation Area.
- Depending on the property, there may be opportunities to generate rental income if you decide to rent it out to tenants.
- If you're interested in genealogy or family history, Homer has an active historical society dedicated to preserving the legacy of the village and its residents.

Cons:
- With a population of fewer than 1,000 people, Homer may not offer as many amenities or services as larger areas.
- The village is somewhat isolated, with Champaign located about 10 miles to the north and other major cities a significant distance away.
- Property values in Homer may be less stable than in larger metro areas, particularly during economic downturns.
- Depending on your personal preferences, the slower pace of life and rural setting may be a drawback.
- If you're planning on buying property as an investment, it's worth noting that Homer may not offer as many opportunities for property appreciation or high-return investments than other areas.