Commercial Real Estate Market in Hugo, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Hugo, CO spans 755.9 square miles in Lincoln County, Colorado. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hugo, CO runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Hugo, CO runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Hugo, CO runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Hugo, CO runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 57.8%
- Industrial 7.9%
Largest Zones share of zoned land by district
Residential District
No Zoning
Restricted Commercial District
Industrial Commercial District
Residential District (R-1)
R-1 Residential Town of Hugo - Land Development Code Page 12 of 59 C-1 Restricted Commercial C-2 Industrial / Commercial Section 204. - Residential (R-1) Zone District 1. The R-1 district is intended to provide for the orderly development of family dwellings with a full complement of accessory uses. It is further intended that such a development be served wi…
Market overview
Demographics & Economy
Hugo, CO has 1,115 residents in 656 households. Density runs 1 people per square mile. Median household income here is $65,625 and median gross rent $892 a month.
1,115
Population
656
Households
1.7
Avg Household Size
41
Median Age
31%
College-Educated
90%
High-School Grad
755.9 sq mi
ZIP Area
1
Density / Sq Mi
$65,625
Median Household Income
$46,823
Median Earnings
$892
Median Rent
$250,700
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
Where does Realmo's Hugo market data come from?
Realmo compiles Hugo, CO figures from 2 recent recorded sales, 37 tracked off-market properties, the current Hugo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 644 zoned acres across 4 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
