Advantages:

1. Cost of living - The cost of living in Sterling City is generally lower than the national average. This means that purchasing real estate in Sterling City may be more affordable and budget-friendly than in other areas.

2. Employment opportunities - The village has a diverse economy that offers many employment opportunities in various sectors, including oil and gas, agriculture, and education.

3. Outdoor activities - Sterling City has many outdoor recreation opportunities, including hunting, fishing and boating, which can be enjoyed throughout the year due to the village's mild climate.

Disadvantages:

1. Lack of urban amenities - Sterling City is a small town, and as such it may not have all the amenities and services that larger cities offer, including medical facilities and entertainment options.

2. Remote location - Due to the town's location, it may take a longer time to travel to larger cities for specific needs or business requirements.

3. Limited real estate availability - The village is small, which means that the available real estate may be limited. As a result, finding the right property may take more time, and there may be less choice in the type of property available.

It is important to keep in mind that these are not the only factors you should consider when purchasing real estate in Sterling City. Other factors to consider include the condition of the property, the local real estate market, and the specific needs and goals of the buyer.