The housing market in Hugo, OK is noticeably lower than the US national median value at $91,500 compared to $338,100. Despite the lower median value, the market in Hugo has seen a greater appreciation rate of 13.34% over one year as opposed to 8.27% nationally. This could be due to many factors such as increased investments and improvement of infrastructure in the area, thus making it an attractive option for potential homeowners.
The median home cost in Hugo is $91,500. Home appreciation the last 10 years has been 62.1%. Home Appreciation in Hugo is up 14.5%.
Average Age of Homes
- The median age of Hugo real estate is 39 years old
The Rental Market in Hugo
- Renters make up 39.8% of the Hugo population
- 3.4% of houses and apartments in Hugo, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.