Omaha, Texas is a small community with a population of just over 1,000 people. As with any real estate investment, there are advantages and disadvantages to purchasing property in Omaha, Texas. Here are a few to consider:

Advantages:
- Affordability: Property in Omaha is relatively affordable, which may be attractive to those looking to invest in real estate without a high level of capital.
- Small town charm: Omaha is a small, close-knit community with a lot of charm. It may be an ideal place to live if you're looking for a quiet, rural lifestyle.
- Proximity to major cities: Omaha is located roughly two hours from both Dallas and Shreveport, Louisiana, providing residents with easy access to big-city amenities.

Disadvantages:
- Limited job opportunities: Like many small towns, job opportunities in Omaha may be limited, which could make it difficult to find work.
- Limited amenities: While Omaha is close to major cities, it may not offer the same amenities as those cities. For example, there may be limited dining or entertainment options.
- Limited real estate market: The limited market may make it difficult to sell a property in the future.

When purchasing real estate, it's important to consider your individual needs and what is important to you. You may also consider consulting with a local real estate agent who can provide more insight into the specific real estate market in Omaha, Texas.