Pros:
1. Affordability - Hazel Park real estate is relatively affordable compared to other cities in Oakland County which may make it an attractive option for buyers.

2. Appreciation potential - Hazel Park has seen a consistent increase in property values over the past few years due to significant redevelopment efforts in the area.

3. Good location - The city is in a convenient location, with easy access to major highways, making it easy to get around.

4. Good schools - Hazel Park has good schools with above-average ratings.

5. Strong community - The city has a strong sense of community, and there are many events and festivals throughout the year.

Cons:
1. High property taxes - Compared to other cities in the area, Hazel Park has relatively high property taxes which may be a concern for some buyers.

2. Limited amenities - Hazel Park is a small city with limited amenities compared to larger cities.

3. Limited inventory - Because of its small size, Hazel Park has a smaller inventory of homes compared to other cities in the area, which may limit buyer options.

4. Crime rates - The city has higher-than-average crime rates, which may be a concern for some buyers.

5. Noise pollution - Because Hazel Park is located near major highways and busy streets, noise pollution may be an issue for some buyers.