Zip 55038 (Hugo, MN) Housing

The housing market in Hugo, MN (zip code 55038) shows a median value of $419,400. This is significantly higher than the US median house value of $338,100. The one year appreciation rate for houses across the United States is 8.27%, while the one year appreciation rate in Hugo is 6.66%, which is a bit lower than the national average. However, this slight decrease does not seem to be dampening the enthusiasm for homebuyers in Hugo as it remains an attractive investment option due to its high median housing price and strong appreciation potential over time.

The median home cost in Hugo (zip 55038) is $419,400. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Hugo (zip 55038) is up 12.2%.

Average Age of Homes

- The median age of Hugo (zip 55038) real estate is 16 years old

The Rental Market in Hugo (zip 55038)

- Renters make up 9.8% of the Hugo (zip 55038) population
- 0.3% of houses and apartments in Hugo (zip 55038), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Hugo, Minnesota	United States
	8,770.0	139,647,020.0
	21	42
	$419,400	$338,100
	12.2%	16.6%
	47.9%	57.0%
	94.0%	101.1%
	$11.39	$10.98
	$3,484	$2,690
	87.0%	57.4%
	2.9%	11.2%
	10.1%	31.4%
Vacant Housing
	0.3%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.7%	0.4%
	0.6%	3.6%
	1.3%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.6%	2.4%
	0.9%	2.8%
	0.1%	3.9%
	0.1%	4.5%
	3.8%	11.3%
	12.6%	13.0%
	29.8%	20.1%
	21.9%	13.6%
	17.6%	8.3%
	9.4%	9.7%
	1.8%	3.9%
	0.4%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	38.5%	13.6%
	38.5%	13.6%
	22.1%	13.6%
	8.9%	13.2%
	9.0%	14.8%
	22.1%	13.6%
	1.9%	10.0%
	0.6%	4.7%
	3.3%	12.2%

Reviews for Hugo

See all (0)

Write a Review

Start Your Review of Hugo

Commute

The premier source for comprehensive city data for over 30 years.

��