Much like its nearby areas, it's substantially less expensive compared to the rest of the nation. It is significantly less expensive compared to the city of Colorado Springs.
Home prices
The median home in Hugo costs $94,600. In comparison to its surrounding areas this is roughly $4,680 (4%) lower.Compared to the US as a whole it is approximately $122,900 (56%) lower, and compared to the city of Colorado Springs it is approximately $175,200 (64%) lower.
Rents
In Hugo the median monthly rent is $733. This is roughly $34 (4%) higher compared to nearby areas.It is roughly $329 (30%) lower in comparison to the entire country, and is about $398 (35%) lower in comparison to the city of Colorado Springs.
Nearby places
Genoa
Genoa is roughly 9 miles north from Hugo. Its housing prices are a lot less expensive. The median home in Genoa costs $53,300, which works out to $41,300 (77%) lower than Hugo. The rent there is fairly similar. In Genoa the median rent is $758 per month, which works out to $25 (3%) higher than Hugo.
Limon
Limon is roughly 13 miles northwest of Hugo. Its housing prices are a bit more expensive. The median home in Limon is valued at $121,100, which works out to $26,500 (21%) higher than Hugo. Rents there are a little more expensive. The median monthly rent in Limon is $807, which comes out to $74 (9%) higher than Hugo.
Arriba
Arriba is approximately 13 miles northeast of Hugo. The real estate prices there are a lot less expensive. Arriba's median home cost is $59,300, which comes out to $35,300 (59%) lower than Hugo. The rent there is a lot less expensive. The median monthly rent in Arriba is $509, which comes out to $224 (44%) lower than Hugo.
Flagler
Flagler is approximately 21 miles northeast of Hugo. Housing prices there are a little more expensive. The median home in Flagler is valued at $116,900, which comes out to $22,300 (19%) higher than Hugo. Rent there is a bit less expensive. Flagler's median monthly rent is $672, which is $61 (9%) lower than Hugo.
Simla
Simla is approximately 28 miles west of Hugo. The housing prices there are substantially more expensive. The median home in Simla is valued at $145,800, which works out to $51,200 (35%) higher than Hugo. Its rents are fairly similar. The median rent in Simla is $748 per month, which comes out to $15 (2%) higher than Hugo.
