Pros:
- Small and tight-knit community: St. Stephen is a small village, which means you'll be more likely to get to know your neighbors and become a part of the local community.
- Affordable cost of living: The cost of living in St. Stephen is relatively low, which makes owning property there more affordable than in other parts of the country.
- Good location: St. Stephen is located near desirable amenities such as parks, lakes, and golf courses, which can make it an attractive place to live.

Cons:
- Limited job opportunities: Because St. Stephen is a small village, there may not be many job opportunities available. If you need to commute to work, there may be limited options available.
- Harsh winter weather: Minnesota winters can be intense with heavy snowfall and below-freezing temperatures. This may be a disadvantage if you are sensitive to cold weather.
- Natural disasters: St. Stephen is located in an area that is prone to tornadoes, hailstorms, and flooding. While these events cannot be predicted, they could be a concern for some property owners.

Overall, buying property in St. Stephen, Minnesota could be a good choice depending on your priorities and needs. It's best to do your research and evaluate your options carefully before making a decision.