Here are some potential pros and cons of buying property in Lockwood, Missouri:

Pros:
- Affordability: Lockwood's cost of living is lower than the national average, which means you may be able to get more for your money in terms of real estate.
- Small town living: Lockwood has a population of around 1,000 people, which could be a draw for those who prefer a slower pace of life.
- Proximity to larger cities: Lockwood is within driving distance of several larger cities, including Springfield, MO and Joplin, MO, which means you could have access to more job opportunities and amenities while still enjoying small town living.

Cons:
- Limited amenities: As a small town, Lockwood may have limited amenities like shopping, dining, and entertainment options.
- Distance to major airports: Although Lockwood is relatively close to larger cities, you may still have to travel a ways to get to a major airport if you need to travel frequently.
- Natural disaster risk: Like much of Missouri, Lockwood is at risk for natural disasters like tornadoes, which could be a concern for some buyers.

Of course, these are just a few potential pros and cons to consider when thinking about buying property in Lockwood, MO. It's always a good idea to do more research and potentially even visit the area before making any big decisions.