Hello there.
I am exactly in the same situation as you, TS. The only difference is that I wasn't so smart enough than to ask in music forums online for help. Therefore I went through the entire process. I got an electronic kit with amps (Yamaha DTXplorer), then switched to an acoustic kit (Pearl RT) halfway.
In my opinion, if you need a drumset for home practice, an acoustic set wins hands down. Not only is there a huge price difference (my 2nd hand Pearl RT @ $450, compared to Yahama DTX @ $1k+), an electronic set does not measure up to the real feel of an acoustic drumset. When I had my electronic set, all I knew about drums was to turn on the power, pre-select a kit and song and drum away. However, upon switching to the acoustic set, I understood the drums so much more. I learnt how to tweak the height of the toms, hi-hat, cymbals etc, and also more importantly, tuning the drum set. As a drummer, knowledge of the workings of a drum set is critical as you would someday need to tweak the sets to find your own desired formation. Add in the ability to rim-shot and side-stick with the acoustic snare as compared to the electronic one in my case and the acoustic seems so much more customizable.
Also, when I had my Yahama DTXplorer for about 1 year+, I was never comfortable using an acoustic set when jamming with my friends. Yes, you might say that the electronic set mimics the acoustic one, but nevertheless the feel is different and I felt uneasy playing the acoustic drums as I was so used to my DTX.
With regards to the loud sound being produced by an acoustic set, I purposefully purchased a 2nd hand Pearl RT due to the RT being known as a great "HDB" set due to it's design and yet versatile enough to be used for gigs. Throw in an additional couple of Pearl drum muffle skins on top if needed and you have a set with decent, quieter sounding yet with the complete feel of an acoustic drum. If that is not enough, purchase some Hot Rod sticks to bring down the sound level even more. As the main problem of the acoustic set is also the loud snare, throw in towels or small pillows into your snare drum to reduce the high frequency and loud sound it produces as well. Personally, only my bass drum is using the Pearl drum muffles, whilst my snare has towels in it. The rest are Remo Weathertone(?) skins with Remo O rings. I also have a Zildjian ZHT 20" Medium Ride and Paiste 101 crash (lousy i know

) attached to my set as well. With regards to noise level I have not come across any complaints from neighbours so far.
The reason for me typing such a long post is that I hope others will be able to benefit from my experience. Do not spend the extra $1k plus like me

and end up selling it away and buying an acoustic set.
I hope this has helped some of you with the same problem I faced. And the above are all just my opinions, please do not flame me if you do not agree with the stuff I say.
Keep drumming!
DP