Real Estate Investing in Hugo, Colorado

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 1,250 • Lincoln County

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Should you buy in Hugo, CO? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (53/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 15.3% of homes vacant — above national norms.

What’s happening in Hugo, CO?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.1% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $244,924
Avg Monthly Rent $936
ZIP Codes 1

Investing in Hugo Real Estate

With a sizable population across 1 ZIPs, Hugo shows the kind of modest fundamentals that keep most out-of-state capital on the sidelines.

The investment case for Hugo is difficult to make on screen data alone. a harder case for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

Rents in Hugo at $936/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Distressed-leaning demographics in Hugo — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$244,924
Avg Monthly Rent
$936
1% Rule
✗ Below
Landlord Friendly (CO)

ZIP Codes in Hugo, CO

Screen every ZIP in Hugo

Filter Hugo’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Hugo, CO

Where do home prices stand in Hugo, CO?

Hugo, CO home values average about $245K. That price point suits investors targeting rentals with $936/mo in monthly income.

Is it easy to find good tenants in Hugo, CO?

Tenant demand in Hugo, CO is solid. The local workforce $936/mo rents across most rental classes.

What are rental rates like in Hugo, CO?

Average rent in Hugo, CO is approximately $936/mo per month. Against $245K home values that yields a reasonable rent-to-price ratio.

Is Hugo, CO good for house hacking?

House hacking in Hugo, CO is a challenging. With home values around $245K and rents at $936/mo, owner-occupants can offset a meaningful share of PITI.

Are landlord laws favorable in Hugo, CO?

Hugo, CO operates under CO law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.

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