Hugo, OK

Real estate in Hugo, OK is a hot commodity. With a population of just over 2,000 people, the town has seen an influx of new residents in recent years. This has led to an increase in demand for housing and property.

The town is located in the northeastern corner of Oklahoma County and is bordered by the towns of Hugo to the north, Dover to the east, and Guymon to the south. The area is agriculturally rich with rolling hills and fertile soil that has made it a popular spot for farming.

Hugo was founded in 1907 by J.D. Hughes and named after Hugo, MN., where Hughes had been born and raised. The town grew slowly at first but began to experience rapid growth starting in the 1970s when oil was discovered nearby. Today, Hugo is home to several businesses including an oil refinery operated by Phillips 66 Corporation as well as several small businesses that provide services related to oil production such as drilling rigs and trucking companies.

Despite this economic success, Hugo continues to struggle with high rates of unemployment and poverty rates that are above the state average. This has led some residents to call for more investment in education and other social services that could help improve life for residents overall.

Real estate prices in Hugo range from modestly priced homes near downtown Hugoto larger properties located outside of town near oil fields or other business areas. Prices have increased significantly over the past few years due both to increasing demand from new residents as well as limited supply due to zoning restrictions that have kept many development opportunities off limits until now.. While there are still some affordable options available, prices on more expensive properties have risen rapidly making them out of reach for many families looking for a place to call home..