Here are some pros and cons of purchasing real estate in the village of Lumberton, Mississippi:

Pros:
- Lumberton has a relatively low cost of living compared to other parts of the country, which could make it an attractive option for those looking to purchase real estate on a budget.
- The village has a rich history and strong sense of community, which can be appealing to some buyers.
- The village is located in a largely rural area, which may be appealing to those looking for a quieter way of life.
- Lumberton is also just a short drive away from larger cities like Hattiesburg, which has a number of amenities such as shopping, restaurants, and entertainment options.

Cons:
- The job market in Lumberton and the surrounding areas may not be as robust as it is in larger cities, which could be a concern for those looking for employment opportunities.
- The village may be prone to natural disasters such as hurricanes, which could be a risk factor for some buyers.
- The real estate market in Lumberton may be smaller and more limited compared to other areas, which could impact the selection of available properties for purchase.
- The village may not have as many amenities or entertainment options as larger cities, which could be a downside for some buyers.

It is important to conduct a thorough research before making any real estate decisions.