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Featured local agent — Hugo, MN
Sarah Mitchell
Compass Real Estate · Hugo, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hugo, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$446,995median sale price
How is the Hugo, MN housing market right now?
The median home sale price in Hugo, MN is $446,995, up 5.0% year-over-year. Homes sell in an average of 26 days with 78 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Hugo a buyer's or seller's market?
Hugo, MN is currently a seller's market, based on 2.2 months of supply and homes selling in about 26 days. How we determine this →
Homes sold
36
Last 12 weeks
Days on market
26
Average pace
Active listings
78
2.2 months supply
Sale-to-list
100.0%
Above asking
What does the Hugo housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $446,995 |
| Median list price | $411,450 |
| Year-over-year price change | +5.0% |
| Average days on market | 26 days |
| Active inventory | 78 listings |
| Months of supply | 2.2 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $211/sq ft |
| Homes sold (latest month) | 36 |
| New listings (latest month) | 42 |
| Listings with a price cut | 30.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Hugo by property type?
How the Hugo, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $537,500 | $214/sq ft | 22 | 22 days |
| Condo / Co-op | $225,000 | $159/sq ft | 1 | 240 days |
| Townhouse | $298,500 | $180/sq ft | 14 | 36 days |
Source: Redfin · Updated monthly
The Hugo housing market is currently classified as a seller's market with a median sale price of $446,995. Prices have risen 5.0% compared to last year, with homes spending an average of 26 days on market, indicating 2.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.9x provides context for how home values compare to local earning capacity.
Homes for sale in Hugo
There are currently 78 homes listed for sale in Hugo, Minnesota. The median listing price is $411K.
Active listings
78
Homes on market
Median list price
$411K
Avg. days on market
26
Days until sale
New this week
42
Newly listed
Who lives in Hugo?
Population
16,076
Median income
$114,057/yr
Median age
39.2 years
Owner-occupied
89.1%
College grads
44.0%
Avg commute
26.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Hugo?
Zillow home value
$441,029
Zillow rent index
$2,241/mo
Price-to-rent ratio
16.4x
Price-to-income
3.9x
Source: Zillow Research
What is it like to live in Hugo?
Hugo is a community of approximately 16K residents with a median age of 39.2 years.The median household income is $114,057, which reflects a relatively affluent area with strong earning potential. 44.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 89.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Hugo offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Hugo?
4 schools tracked · 941 students
The largest public schools serving Hugo, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
North Star Elementary
Grades K-5 · 476 students
ONEKA ELEMENTARY SCHOOL
Grades PK-5 · 423 students
WHITE BEAR TRANSITION PLUS PROGRAM
Grades 10-12 · 42 students
AWARE
Grades 6-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Hugo, MN?
Want a head-to-head view? Compare Hugo side-by-side with any other U.S. city using our market-comparison tool.
Is Hugo a good real estate investment market?
For investors evaluating Hugo, the price-to-rent ratio of 16.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 5.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Hugo's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Hugo's median home price.
Frequently asked questions
What is the average home price in Hugo?
The median home sale price in Hugo is $446,995, up 5.0% from last year.
How long do homes stay on market in Hugo?
Homes typically spend 26 days on market before going under contract.
What is the median income in Hugo?
The median household income is $114,057 per year.
Is Hugo a buyer's or seller's market?
With 2.2 months of supply, Hugo is currently a seller's market.
What is the Zillow home value estimate for Hugo?
The Zillow Home Value Index (ZHVI) for Hugo is $441,029, representing the typical home value in the area.
What is the median condo price in Hugo?
The median condo/co-op sale price in Hugo, MN is $225,000, compared to $537,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Hugo?
The median single-family home price in Hugo, MN is $537,500 (about $214 per square foot).
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