Living in Carrasco: Premium Neighborhood Prices — June 2026
INGAR · · Market
Sale Prices
Carrasco consolidates itself as one of the most expensive neighborhoods in Montevideo, with listing values that reflect its privileged position as a high-standard residential area. The average price per square meter is around USD 4.080/m², with variations depending on the type of property.
Studio apartments and 1-bedroom apartments are the most accessible, although they still command high values: USD 4.220/m² and USD 3.950/m² respectively. The most robust sample is in 2 and 3-bedroom properties, where the current listing reaches 1.877 and 2.021 properties for sale. The total prices in these segments stand at USD 360.000 and USD 514.900, positioning these types as the most sought-after in the neighborhood.
For larger properties, the behavior is interesting: 4-bedroom properties maintain high prices (USD 4.161/m², USD 860.000 total), while 5-bedroom properties show a lower price per square meter (USD 3.164/m²), although the total value reaches USD 1.115.000. This suggests that in the premium segment supply is limited —only 12 listings— and tends toward larger properties, where the cost per meter is lower but the absolute investment is very significant.
| Bedrooms | Price/m² | Total Price | Sample |
|---|---|---|---|
| 0 | USD 4.220/m² | USD 149.000 | 88 |
| 1 | USD 3.950/m² | USD 202.000 | 865 |
| 2 | USD 4.029/m² | USD 360.000 | 1.877 |
| 3 | USD 4.045/m² | USD 514.900 | 2.021 |
| 4 | USD 4.161/m² | USD 860.000 | 301 |
| 5 | USD 3.164/m² | USD 1.115.000 | 12 |
The price structure reflects a varied but concentrated supply in the upper-middle segment of the neighborhood. 3-bedroom properties lead in volume, suggesting this is the preferred type for both end buyers and investors.
Rentals
The rental market in Carrasco shows competitive and accessible rentals within the area's standard. Studio apartments average around USD 800 per month, with 65 properties in listing. For 1-bedroom, the supply is more robust —284 listings— and the rental reaches USD 1.000.
In the most sought-after segments, 2-bedroom properties rent for USD 2.000 per month with a significant sample of 601 properties for sale. 3-bedroom properties, the second in volume of listings for sale, rent for USD 2.700 per month (576 properties available). These values are consistent with Carrasco's position as a consolidated residential area with good access to services, education, and transportation.
In the luxury segment, 4-bedroom properties reach USD 5.000 per month (46 listings) and 5-bedroom properties USD 5.500 (7 properties). These rentals reflect demand from professionals and high-income families seeking comfort and premium location.
| Bedrooms | Monthly Rental | Sample |
|---|---|---|
| 0 | USD 800 | 65 |
| 1 | USD 1.000 | 284 |
| 2 | USD 2.000 | 601 |
| 3 | USD 2.700 | 576 |
| 4 | USD 5.000 | 46 |
| 5 | USD 5.500 | 7 |
Profitability
In June 2026 there is no specific yield data available for Carrasco. However, you can calculate gross returns by dividing annual rent by purchase price. For example, a 2-bedroom apartment purchased at USD 360.000 and rented at USD 2.000 per month (USD 24.000 annually) would yield a gross yield close to 6.7%. These returns are attractive but require discounting management fees, taxes, and maintenance, which reduce net profitability to more conservative values.
For investors, Carrasco offers an interesting proposition: combines price stability, consistent rental demand, and premium location. The area attracts tenants with payment capacity, which reduces default risk. It is not the neighborhood with the highest gross yield in Montevideo, but it is one of the safest and most predictable.
Market Dynamics
In June 2026, the Carrasco market shows characteristics of equilibrium with a slight buyer bias. The depth of supply is very high: almost 5.200 properties for sale (adding all types) suggests relative abundance. This gives bargaining power to the buyer, especially in the 2 to 3-bedroom ranges.
The concentration of listings in mid-range types —2 and 3-bedroom properties represent almost 75% of total supply— indicates that sellers expect higher demand in these segments. 4 and 5-bedroom properties, with much smaller samples (301 and 12 respectively), suggest more limited and possibly more selective markets.
Carrasco remains the preferred destination for end buyers seeking quality of life, safety, and services. The turnover of supply is relatively fast, especially in well-maintained and well-located properties within the neighborhood.
Conclusion
Carrasco in June 2026 is a consolidated, expensive but stable neighborhood, where prices per square meter range between USD 3.950 and USD 4.220 in most property types. It is the ideal destination for end buyers with high purchasing power, people seeking residence in a safe area with quality services, and for investors who prioritize predictable profitability over maximum returns.
Supply is abundant, especially in 2 and 3-bedroom properties, which favors the buyer. Rentals are consistent and attract solvent tenants. It is not a neighborhood for speculators, but rather for long-term wealth building.
You can compare these prices with other neighborhoods by consulting our neighborhood price ranking, or explore alternatives in our analysis of best neighborhoods to invest.
Updated: June 2026. Source: INGAR analysis based on current real estate supply in Montevideo.