Lapeer is a small village located in Cortland County, New York. It is a rural area with a population of less than 1,000 people. Here are some pros and cons of purchasing real estate in Lapeer:

Pros:
1. Lower Property Prices: As a rural area, property prices in Lapeer are generally lower than in urban areas, so you may be able to purchase a larger amount of land and home for the same budget.

2. Quiet and Peaceful Lifestyle: If you prefer a quiet, peaceful lifestyle in a rural setting, Lapeer may be the ideal location for you. It is free from the hustle and bustle of city life, which can be refreshing for those who like to live a tranquil lifestyle.

3. Scenic Beauty: Lapeer is known for its beautiful countryside, with rolling hills, forests, and streams. If you appreciate nature and the outdoors, this area offers plenty of opportunities for hiking, fishing, and other outdoor activities.

Cons:
1. Limited Amenities: As a small village, Lapeer has limited amenities such as shopping centers, restaurants, and entertainment options. You may have to drive to nearby towns to enjoy these amenities.

2. Few Job Opportunities: Lapeer is a rural area with limited job opportunities, and most of the work available is in agriculture and farming. If you are looking for a thriving job market, Lapeer may not be the best choice.

3. Lack of Diversity: Lapeer is a predominantly white area, with limited ethnic diversity. If you are looking for a diverse community, Lapeer may not be the best location.

It is important to thoroughly research any location you are interested in to determine if it is the right fit for your lifestyle and needs, including the location's real estate market trends, cost of living, crime rate, and other factors.