Hoagland is a rural village located close to the larger city of Fort Wayne. Here are some pros and cons to consider when purchasing real estate in Hoagland:

Pros:
1. Lower cost of living: The cost of living in Hoagland is lower compared to the national average which means your dollar could go further in terms of buying a property.
2. Peaceful Setting: If you prefer a quieter lifestyle, Hoagland offers a peaceful rural environment.
3. Good for Outdoor Activities: Hoagland offers easy access to hiking and fishing spots like the Amishville Dam, located a short distance east of the village.
4. Vibrant Community: The nearby city of Fort Wayne and other neighboring towns offer a variety of activities and attractions.

Cons:
1. Rural Environment: Hoagland can feel disconnected from the city life and lack many of the modern amenities you may be used to.
2. Commuting Distance: If you work in Fort Wayne, you would be required to commute a considerable distance on a daily basis.
3. Limited Job Opportunities: As a primarily rural community, job opportunities may be limited which could impact your ability to find work.
4. Property Value Stagnation: There is a potential risk that the value of your property may stagnate because of its rural location.

Overall, the decision to purchase real estate in Hoagland depends on your lifestyle preference and priorities.