Market Overview
Home Prices in Hugo, CO
The median home value in Hugo, CO is $246,787 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.4% compared to a year ago and down 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hugo are priced40% below average.
Over the past five years, Hugo home values have risen by approximately16.1%, reflecting steady appreciation in this market.
Price History
Hugo Home Price Trend
2020
$169,758
$170K
—
2021
$212,525
$213K
+25.2%
2022
$247,188
$247K
+16.3%
2023
$235,724
$236K
-4.6%
2024
$238,206
$238K
+1.1%
2025
$231,843
$232K
-2.7%
2026
$246,787
$247K
+6.4%
City Comparison
Hugo vs. National Median
🏠 Hugo
$246,787
National Median
$410,000
At $246,787, homes in Hugo cost 40% below the national median of $410,000. This makes Hugo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hugo?
20% Down Payment
$49,357
on $246,787
Monthly P&I
$1,287/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,634/mo
incl. taxes & insurance
Income Needed
$65,360
gross annual (30% rule)
10% Down Option
$24,679
+ PMI applies
Loan Amount (20% dn)
$197,430
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Hugo, CO?
The median home value in Hugo is $246,787 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.4% year-over-year.
How much have home prices changed in Hugo?
Over the past year, home values in Hugo have increased by 6.4%. Over five years, prices have risen approximately 16.1%.
How much do I need to earn to buy a home in Hugo?
To comfortably afford the median home price of $246,787 with a 20% down payment ($49,357) at today's rates (6.8%), you'd need a gross annual income of approximately $65,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Hugo compare to the national average home price?
The national median home value is approximately $410,000. At $246,787, homes in Hugo are 40% below the national average.