Dyer, Indiana is a small but rapidly growing suburban community that offers a high quality of life with a mix of suburban and rural charm. Here are some potential pros and cons of homeownership in Dyer:

Pros:
1. Strong community ties and friendly, welcoming neighborhoods;
2. Affordable cost of living compared to larger, more expensive cities;
3. Access to high-quality healthcare facilities, good public schools, and nearby amenities like shopping centers, parks and recreational options;
4. Dyer's location along several major highways makes commuting a breeze;
5. Diversified job opportunities both in Dyer and in its surrounding cities.

Cons:
1. Property values in Dyer are higher than the state average, which can make purchasing a home more expensive;
2. Property taxes tend to be higher in the state of Indiana than national average when compared to other states;
3. Weather can be a bit extreme in the region, with quite hot summers and cold winters.
4. Limited cultural, entertainment and nightlife options compared to larger urban areas;
5. The community is still expanding, which might lead to some construction activities in the area, causing some disturbance during the building phase.

It's important to research and consider all aspects of homeownership in a specific area to make an informed decision.