Hugo, CO is a small town located in Colorado that has seen significant growth in its housing market over the past year. The median value of homes in Hugo is $218,600, which is significantly lower than the US median value of $338,100. Though not as high as the national average, Hugo's housing market has still seen growth of 7.69%, which is slightly lower than the 8.27% appreciation rate across the United States as a whole. This increase in value can be attributed to an influx of new buyers looking for affordable housing options and the overall economic growth within the area.
The median home cost in Hugo is $218,600. Home appreciation the last 10 years has been 133.9%. Home Appreciation in Hugo is up 16.5%.
Average Age of Homes
- The median age of Hugo real estate is 65 years old
The Rental Market in Hugo
- Renters make up 28.5% of the Hugo population
- 0.0% 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.