There are several pros and cons to consider when buying property in Falls City, Oregon:

Pros:
1. Affordable cost of living: The cost of living is lower than the national average, making it an attractive place for people who want to live in a small town setting with a lower cost of living.

2. Natural beauty: Falls City is surrounded by beautiful natural landscapes, including forests, rivers, and waterfalls, making it a great place for outdoor activities.

3. Friendly community: Falls City has a friendly and welcoming community, where people know each other and are always willing to lend a helping hand.

4. Historic charm: The village has a rich history, with many historic buildings and homes that are well-preserved and add to the charm of the town.

Cons:
1. Limited employment opportunities: Job opportunities are limited in Falls City and most residents commute to neighboring cities for work.

2. Distance to major cities: Falls City is located about 20 miles from the nearest major city, making it less convenient for shopping or accessing services.

3. Limited amenities: The village has limited shopping and entertainment options, with only a small number of restaurants, grocery stores, and other amenities.

4. Natural disasters: The area is prone to natural disasters like floods and wildfires, which can pose a threat to property and safety.

Overall, Falls City can be a great place to live for people who enjoy a slower-paced, small-town lifestyle and appreciate natural beauty. However, those who require access to more extensive amenities, job opportunities, and convenient services may find it less suitable.