Total monthly cost of ownership
Cost to Own a Home in Hugo, Oklahoma
A $96,000 home here costs
$889per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $494. The real number is $395 higher every month — 80% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Hugo against Choctaw County and Oklahoma
| Measure | Hugo | Choctaw County |
|---|---|---|
| Median home value | $96,100 | $119,700 |
| Median property tax | $410 | $502 |
| Effective tax rate | 0.427% | 0.419% |
| Median gross rent | $634 | $676 |
| Population | 5,184 | 14,299 |
The weather behind that power bill
Hugo sits in Choctaw County, which averages a high of 93.3°F in its hottest month and a low of 28.5°F in its coldest, with 47.92" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,013 cooling and 3,182 heating degree days, which is what sets the $120 electricity line above.
See the full climate breakdown for Choctaw County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Choctaw County
No other places of this size are published in Choctaw County.
Full Choctaw County cost breakdown · Every county in Oklahoma
Common questions
How much does it cost to own a home in Hugo?
A $96,000 home in Hugo, Oklahoma costs approximately $889 per month with 20% down at 6.66%. That is $494 principal and interest, $34 property tax, $93 homeowners insurance, $188 utilities and $80 set aside for maintenance.
What is the property tax rate in Hugo?
Hugo has an effective property tax rate of 0.427%, based on a median home value of $96,100 and median real estate taxes of $410. That is in line with the Choctaw County average of 0.419%.
What is the average home price in Hugo?
The median owner-occupied home value in Hugo, Oklahoma is $96,100, against $119,700 across Choctaw County.
Is it cheaper to rent or buy in Hugo?
Median gross rent in Hugo is $634 a month, against $889 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hugo — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Oklahoma.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.