There are a number of advantages and disadvantages to buying property in the village of Arapaho, Oklahoma. Here are some pros and cons to consider:

Advantages:

1. Affordability: Compared to some of the more expensive cities throughout the U.S., the cost of living in Arapaho is lower than average.

2. Quiet rural setting: Arapaho is a small, rural village that can offer peace and quiet away from the hustle and bustle of a big city.

3. Access to nature: The area around Arapaho is known for its scenic landscapes, including nearby lakes, which can provide a lot of recreational opportunities for outdoor enthusiasts.

4. Strong community spirit: Residents of Arapaho are known for being friendly and having a strong sense of community.

Disadvantages:

1. Limited job opportunities: The job market in Arapaho is limited, which can make it difficult to find employment in certain fields.

2. Lack of cultural amenities: While there are cultural opportunities available, they may not be as readily available compared to major cities throughout the U.S.

3. Distance to major cities: Arapaho is located about an hour away from Oklahoma City, which can make it difficult to commute on a daily basis.

4. Extreme weather: Arapaho is located in a region that's known for its extreme weather events, including tornadoes and hail storms.

Ultimately, whether buying property in Arapaho is a good idea or not will largely depend on your individual needs and preferences. It's important to carefully consider your priorities before making a decision.