Here are some general pros and cons of purchasing real estate in a small village like Winnebago, Nebraska:

Pros:
- Generally, real estate prices in small villages are lower compared to larger cities, so you may be able to get a bigger home or more land for your money.
- Small communities tend to be tight-knit and friendly, making it easier to get to know your neighbors and feel a sense of belonging.
- If you enjoy a quieter lifestyle with less traffic and hustle and bustle, a village like Winnebago may be a good fit for you.
- Depending on the location of the village, you may have access to nearby natural attractions such as parks, lakes, and forests.

Cons:
- In small villages, there may be fewer job opportunities compared to larger cities, which could make it difficult to find work if you need it.
- You may have to travel further for specialized services such as healthcare, shopping, and entertainment.
- The community dynamics of a small village can be challenging if you don't feel like you fit in or don't get along with your neighbors.
- In some cases, it may be challenging to sell your property in a small village if you decide to move in the future.

In order to give more specific advice, I would need to know more about your unique circumstances and goals.