Fairview Park is a small village located in Indiana. That being said, there are several advantages and disadvantages to purchasing real estate in a small village like Fairview Park:

Pros:
1. Lower Cost of Living: In smaller towns, the cost of living is usually lower than in larger cities.

2. Tight-Knit Community: Small towns often have a stronger sense of community and may offer a more laid-back lifestyle.

3. Peaceful Living: In general, living in a village like Fairview Park means that you will enjoy a more tranquil way of life with fewer traffic and noise disruptions.

4. More Affordable Real Estate: As compared to larger cities or suburbs, real estate in small villages is often more affordable, which could mean better value for your money.

However, there are some disadvantages as well:

1. Limited Job Opportunities: Small villages often have fewer job opportunities as compared to larger cities.

2. Limited Variety of Service Providers: Smaller towns may have a limited variety of service providers such as hospitals, schools, shops or restaurants.

3. Less Exposure to New Ideas: Compared to city living, small village life can mean less exposure to new ideas and different cultures.

4. Less Infrastructure: Since Fairview Park is a small village, you might not find as much public transportation, parks, or recreational facilities as compared to larger urban areas.

It's important to carefully weigh the pros and cons while keeping in mind your needs and priorities before making a decision.