Positive:
1. Hoopeston is a small, friendly city with a population of around 5,000 people, so it is a great place to raise a family and build long-term relationships with your neighbors.
2. Home ownership in Hoopeston is relatively affordable, with median home prices below the national average.

Negative:
1. Hoopeston has a high crime rate compared to other cities in Vermilion County, making it important for homeowners to take extra security precautions.

Pros of purchasing real estate in Hoopeston Illinois could include:

1. Affordability: The median home price in Hoopeston is relatively lower than many other nearby cities in Illinois, so you may be able to get more house for your money.

2. Small-town charm: Hoopeston is a small community, which can be appealing for those who are looking for a peaceful and friendly atmosphere.

3. Proximity to urban areas: Although Hoopeston is a small town, it's conveniently located near larger cities such as Champaign-Urbana, Danville, and Lafayette.

4. Good schools: The Hoopeston school district has a good reputation and is highly rated.

Cons of purchasing real estate in Hoopeston Illinois could include:

1. Limited job opportunities: As a small town, job opportunities in Hoopeston may be limited, which could be a challenge for families or individuals seeking employment.

2. Limited amenities: Unlike bigger cities, Hoopeston may have a more limited range of amenities like restaurants, shopping centers or cultural venues.

3. Small town politics: In small towns, relationships are very important so getting involved in local politics can be tricky.

4. Fewer entertainment options: If you're looking for a diverse range of entertainment options, Hoopeston may have limited options compared to larger cities.