Hugo, MN Real Estate
According to census data in the year 2000 there were 2,193 housing units in Hugo.
This represents a 52.3% growth from 1,440 in 1990.
Of those housing units, 1,022 were located in either urbanized areas or urban clusters, and 1,171 were located in what is classified as a rural area.
Homeownership rate in Hugo is about 95.4%.
Hugo's vacancy rate, including seasonal lodging, is about 2.2%.
Average household size is 3.01 people.
The majority of houses, apartments or condos in Hugo were built after 1983.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 5.50% |
| Two Bedrooms | 18.30% |
| Three Bedrooms | 49.80% |
| Four Bedrooms | 22% |
| Five Bedrooms or more | 4.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.04 |
| Median year structure was built | 1984 |
| Median Value of occupied units | $148,800 |
| Median Price asked for vacant units | $193,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1965 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 9.50% |
| Home Equity Loan | 18.90% |
| Simple Mortgage | 58.50% |
| Debt Free | 13% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.3% |
