Advantages of purchasing real estate in Bismarck include:

1. Peaceful Neighborhood - Bismarck is a small village in Missouri with quiet, peaceful surroundings ideal for those who want to escape the hustle and bustle of city life.

2. Affordable Cost Of Living - The cost of living in Bismarck is lower than the national average, which can make it easier for prospective buyers to purchase a property and potentially save money in the long run.

3. Good Quality of Life - Bismarck offers a great quality of life, with numerous outdoor recreation options such as the nearby Mark Twain National Forest, Elephant Rocks State Park, and St. Francois State Park.

Disadvantages of purchasing real estate in Bismarck include:

1. Limited Job Opportunities - The village of Bismarck has limited job opportunities, which may make it harder to find work for those who intend to move there.

2. Limited Amenities - Bismarck doesn't have a lot of shopping, dining, or entertainment options, which may not appeal to some people who prefer a livelier lifestyle.

3. Rural Location - Bismarck may feel isolated for some people due to its rural location, which may make it more challenging to access urban amenities and services.

It's important to consider both the advantages and disadvantages of purchasing real estate in Bismarck before making a final decision.