Hugo, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hugo Neighborhoods Since 2000




Hugo, OK Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hugo Housing Market Information

With 5,224 people, 1,959 houses or apartments, and a median cost of homes of $90,078, house prices in Hugo are solidly below the national average.

Single-family detached homes are the single most common housing type in Hugo, accounting for 71.00% of the city's housing units. Other types of housing that are prevalent in Hugo include duplexes, homes converted to apartments or other small apartment buildings ( 13.72%), large apartment complexes or high rise apartments ( 8.92%), and a few mobile homes or trailers ( 4.99%).

The most prevalent building size and type in Hugo are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.51% owning and 52.49% renting.

There is a lot of housing in Hugo built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hugo built between 1940-1969 ( 26.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.79%). There's also some housing in Hugo built before 1939 ( 7.24%).

Vacant housing appears to be an issue in Hugo. Fully 25.34% of the housing stock is classified as vacant. Left unchecked, vacant Hugo homes and apartments can be a drag on the real estate market, holding Hugo real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Hugo Home Appreciation Rates

In the last 10 years, Hugo has experienced some of the highest home appreciation rates of any community in the nation. Hugo real estate appreciated 22.27% over the last ten years, which is an average annual home appreciation rate of 2.03%, putting Hugo in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hugo definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Hugo appreciation rates have trailed the rest of the nation. In the last twelve months, Hugo's appreciation rate has been 3.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hugo were at 2.06%, which equates to an annual appreciation rate of 8.51%.

Importantly, this makes Hugo one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Oklahoma, our data show that Hugo's latest annual appreciation rate is lower than 60% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$90,078

Hugo, OK HOME PRICES

Value Range
> $1,107,000 0.0
$830,001 - $1,107,000 0.0
$553,001 - $830,000 0.9
$442,001 - $553,000 0.0
$332,001 - $442,000 2.4
$222,001 - $332,000 5.5
$110,001 - $222,000 25.4
$55,001 - $110,000 39.1
$0 - $55,000 26.7

Low for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
83.8919489042541 62.2356495468278

Number Of Homes And Apartments:
1,959

Hugo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
67.95% 3.05% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$678 / per month

Homeownership Rate

Homeownership
Owners 47.51
Renters 52.49
Vacant 25.34

Housing Market Details

 

Age of Homes

AGE OF Hugo HOMES
2000 or Newer 14.8
1970 - 1999 51.7
1940 - 1969 26.3
1939 or Older 7.2

Types of Homes

TYPE OF Hugo HOMES
Single-Family 71.0
Townhomes 1.4
Small Apt. Buildings 13.7
Apt. Complexes 8.9
Mobile Homes 5.0
Other 0.0

Home Size

SIZE OF Hugo HOMES
No Bedroom 6.55
1 Bedroom 9.38
2 Bedrooms 23.29
3 Bedrooms 50.00
4 Bedrooms 10.18
5 or more bedrooms 0.61

Popular Neighborhoods in Hugo

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Zip Codes in Hugo, OK