Montevideo House Market — July 2026

INGAR · · Analysis

Montevideo House Market — July 2026

How much does a house cost in Montevideo?

The median house price in Montevideo is USD 1,160/m², with a median total price of USD 170,000. Compared with apartments, whose median square metre stands at USD 2,486, a house costs less than half per square metre and yet more in total, because it is considerably larger.

That is the first key to the house market: it cannot be compared per square metre with apartments without accounting for size. A median Montevideo house runs 150 to 200 square metres; a median apartment, between 50 and 70.

NeighborhoodUSD/m² housesUsual range (p25–p75)Median total priceMedian floor areaSupply
Puerto BuceoUSD 3,189/m²USD 2,230 – 3,556USD 650,000246 m²Low
Carrasco NorteUSD 3,043/m²USD 2,031 – 3,672USD 380,000146 m²High
CarrascoUSD 2,805/m²USD 1,880 – 3,647USD 745,670300 m²High
Punta CarretasUSD 2,649/m²USD 1,910 – 3,312USD 640,000268 m²High
Pocitos NuevoUSD 2,315/m²USD 1,833 – 3,116USD 349,000160 m²Medium
PocitosUSD 2,299/m²USD 1,740 – 2,968USD 450,000206 m²High
Punta GordaUSD 2,074/m²USD 1,445 – 2,670USD 600,000300 m²High
Parque BatlleUSD 2,038/m²USD 1,586 – 2,634USD 345,000186 m²High
MalvínUSD 1,989/m²USD 1,367 – 2,534USD 365,000196 m²High
Villa DoloresUSD 1,980/m²USD 1,222 – 2,686USD 220,000101 m²Low
Parque RodóUSD 1,892/m²USD 1,365 – 2,429USD 310,000200 m²Medium
LarrañagaUSD 1,862/m²USD 1,598 – 2,110USD 240,000174 m²Low
BuceoUSD 1,833/m²USD 1,267 – 2,427USD 235,000145 m²High
La BlanqueadaUSD 1,667/m²USD 1,233 – 2,015USD 240,000145 m²High
Tres CrucesUSD 1,586/m²USD 1,189 – 1,990USD 229,000142 m²Medium
PalermoUSD 1,524/m²USD 1,108 – 1,995USD 310,000200 m²Medium
Jacinto VeraUSD 1,513/m²USD 1,064 – 2,074USD 183,000127 m²High
PradoUSD 1,444/m²USD 875 – 1,899USD 295,000234 m²High
Barrio SurUSD 1,442/m²USD 1,111 – 1,651USD 198,000141 m²Low
AtahualpaUSD 1,382/m²USD 975 – 2,011USD 237,500178 m²Medium
CordónUSD 1,309/m²USD 1,065 – 1,968USD 245,000186 m²High
La ComercialUSD 1,293/m²USD 1,004 – 1,683USD 175,000130 m²High
La FiguritaUSD 1,231/m²USD 1,071 – 1,536USD 139,000102 m²Low
Brazo OrientalUSD 1,215/m²USD 884 – 1,669USD 220,000165 m²High
Aires PurosUSD 1,213/m²USD 828 – 1,578USD 180,000158 m²Medium
Bella VistaUSD 1,205/m²USD 805 – 1,510USD 183,000152 m²Low
AguadaUSD 1,161/m²USD 844 – 1,512USD 159,000129 m²High
ReductoUSD 1,160/m²USD 874 – 1,587USD 170,000157 m²Medium
GoesUSD 1,146/m²USD 953 – 1,526USD 149,950138 m²Low
CapurroUSD 1,122/m²USD 862 – 1,222USD 135,000120 m²Low
Paso MolinoUSD 1,103/m²USD 747 – 1,439USD 165,000150 m²Medium
Villa MuñozUSD 1,087/m²USD 929 – 1,591USD 154,500126 m²Low
UniónUSD 1,077/m²USD 790 – 1,503USD 146,000133 m²High
CerritoUSD 1,062/m²USD 682 – 1,331USD 122,000111 m²Medium
Malvín NorteUSD 1,058/m²USD 719 – 1,423USD 155,000126 m²Medium
CentroUSD 1,045/m²USD 740 – 1,531USD 264,000244 m²Medium
SayagoUSD 975/m²USD 587 – 1,447USD 143,500160 m²High
ItuzaingóUSD 950/m²USD 704 – 1,302USD 99,000115 m²Low
Jardines del HipódromoUSD 938/m²USD 688 – 1,208USD 109,500123 m²Low
LezicaUSD 938/m²USD 662 – 1,214USD 130,000114 m²Low
BelvedereUSD 925/m²USD 685 – 1,283USD 156,000150 m²Medium
Piedras BlancasUSD 922/m²USD 525 – 1,159USD 115,000122 m²Low
ColónUSD 908/m²USD 597 – 1,250USD 142,500150 m²High
Flor de MaroñasUSD 867/m²USD 649 – 1,176USD 108,000130 m²Low
Nuevo ParísUSD 847/m²USD 600 – 1,124USD 96,500102 m²Low
MaroñasUSD 841/m²USD 542 – 1,167USD 104,000111 m²Medium
Villa EspañolaUSD 834/m²USD 578 – 1,250USD 108,500125 m²Medium
La TejaUSD 827/m²USD 512 – 1,126USD 95,000120 m²Medium
MangaUSD 795/m²USD 590 – 1,067USD 85,000110 m²Low
Curva de MaroñasUSD 793/m²USD 648 – 1,230USD 110,000116 m²Low
PeñarolUSD 790/m²USD 474 – 1,117USD 111,000124 m²Medium
Punta RielesUSD 784/m²USD 494 – 1,064USD 85,000144 m²Low
Ciudad ViejaUSD 751/m²USD 594 – 1,013USD 290,000400 m²Medium
CerroUSD 750/m²USD 530 – 1,016USD 90,000120 m²Medium
Paso de la ArenaUSD 706/m²USD 552 – 1,000USD 85,000111 m²Low

Which neighbourhoods have the most expensive houses?

The most expensive house per square metre is in Puerto Buceo at USD 3,189/m², followed by Carrasco Norte (USD 3,043/m²), Carrasco (USD 2,805/m²), Punta Carretas (USD 2,649/m²) and Pocitos Nuevo (USD 2,315/m²).

By total price the order changes and it is worth noting: Carrasco has the most expensive median house in the city, USD 745,670 across 300 square metres, followed by Puerto Buceo (USD 650,000) and Punta Carretas (USD 640,000). These are the three areas where a house is still a market product rather than a rarity.

How much cheaper is a house than an apartment?

Across the 44 neighbourhoods where the index publishes both property types, houses cost less per square metre than apartments in all 44. There is not a single exception, and the median gap is 36.8%.

NeighborhoodUSD/m² housesUSD/m² apartmentsDifference
Ciudad ViejaUSD 751/m²USD 2,152/m²-65.1%
CentroUSD 1,045/m²USD 2,734/m²-61.8%
CapurroUSD 1,122/m²USD 2,770/m²-59.5%
CordónUSD 1,309/m²USD 2,855/m²-54.2%
AguadaUSD 1,161/m²USD 2,536/m²-54.2%
Barrio SurUSD 1,442/m²USD 3,020/m²-52.3%
PalermoUSD 1,524/m²USD 3,155/m²-51.7%
Bella VistaUSD 1,205/m²USD 2,486/m²-51.5%
Parque RodóUSD 1,892/m²USD 3,715/m²-49.1%
PradoUSD 1,444/m²USD 2,756/m²-47.6%
GoesUSD 1,146/m²USD 2,115/m²-45.8%
UniónUSD 1,077/m²USD 1,956/m²-44.9%
Villa MuñozUSD 1,087/m²USD 1,922/m²-43.4%
La BlanqueadaUSD 1,667/m²USD 2,932/m²-43.1%
La ComercialUSD 1,293/m²USD 2,267/m²-43.0%
Tres CrucesUSD 1,586/m²USD 2,778/m²-42.9%
BuceoUSD 1,833/m²USD 3,172/m²-42.2%
Brazo OrientalUSD 1,215/m²USD 2,095/m²-42.0%
Villa EspañolaUSD 834/m²USD 1,437/m²-42.0%
MalvínUSD 1,989/m²USD 3,369/m²-41.0%
ReductoUSD 1,160/m²USD 1,865/m²-37.8%
Pocitos NuevoUSD 2,315/m²USD 3,669/m²-36.9%
Villa DoloresUSD 1,980/m²USD 3,130/m²-36.7%
BelvedereUSD 925/m²USD 1,449/m²-36.2%
Jacinto VeraUSD 1,513/m²USD 2,365/m²-36.0%
PocitosUSD 2,299/m²USD 3,548/m²-35.2%
LarrañagaUSD 1,862/m²USD 2,870/m²-35.1%
Paso MolinoUSD 1,103/m²USD 1,667/m²-33.8%
MaroñasUSD 841/m²USD 1,259/m²-33.2%
Punta GordaUSD 2,074/m²USD 3,077/m²-32.6%
La TejaUSD 827/m²USD 1,222/m²-32.3%
Parque BatlleUSD 2,038/m²USD 2,993/m²-31.9%
Punta CarretasUSD 2,649/m²USD 3,802/m²-30.3%
SayagoUSD 975/m²USD 1,369/m²-28.8%
AtahualpaUSD 1,382/m²USD 1,920/m²-28.0%
CarrascoUSD 2,805/m²USD 3,794/m²-26.1%
CerroUSD 750/m²USD 967/m²-22.4%
Carrasco NorteUSD 3,043/m²USD 3,819/m²-20.3%
Puerto BuceoUSD 3,189/m²USD 3,932/m²-18.9%
ItuzaingóUSD 950/m²USD 1,141/m²-16.7%
Malvín NorteUSD 1,058/m²USD 1,177/m²-10.1%
CerritoUSD 1,062/m²USD 1,171/m²-9.3%
ColónUSD 908/m²USD 998/m²-9.0%
Aires PurosUSD 1,213/m²USD 1,308/m²-7.3%

The widest gaps are in apartment-building neighbourhoods: Ciudad Vieja (-65.1%), Centro (-61.8%), Capurro (-59.5%) and Cordón (-54.2%). There the apartment is the natural product of the area and any remaining house tends to be an old, large property in need of renovation, which the market values for the land more than for what is built on it.

The narrowest gaps are in neighbourhoods where houses are the norm: Aires Puros (-7.3%), Colón (-9.0%), Cerrito (-9.3%) and Malvín Norte (-10.1%). When nearly the whole neighbourhood is houses, both property types compete for the same buyer and prices per square metre converge.

Is it worth investing in houses to rent out?

It depends on the neighbourhood, but houses generally yield more: among the 44 neighbourhoods with both types published, houses beat apartments on gross yield in 37. The median house yield is 8.8%, against 6.0% for apartments.

NeighborhoodUSD/m² housesMedian total priceMedian rentGross yieldSupply
MangaUSD 795/m²USD 85,000USD 50414.8%Low
La TejaUSD 827/m²USD 95,000USD 60313.7%Medium
Punta RielesUSD 784/m²USD 85,000USD 43413.4%Low
Villa EspañolaUSD 834/m²USD 108,500USD 75212.5%Medium
LezicaUSD 938/m²USD 130,000USD 51711.9%Low
CerroUSD 750/m²USD 90,000USD 54511.8%Medium
Piedras BlancasUSD 922/m²USD 115,000USD 66411.7%Low
Paso de la ArenaUSD 706/m²USD 85,000USD 64211.7%Low
PeñarolUSD 790/m²USD 111,000USD 63011.0%Medium
Ciudad ViejaUSD 751/m²USD 290,000USD 1,05710.7%Medium
Nuevo ParísUSD 847/m²USD 96,500USD 51210.7%Low
CerritoUSD 1,062/m²USD 122,000USD 62210.6%Medium
GoesUSD 1,146/m²USD 149,950USD 70510.6%Low
UniónUSD 1,077/m²USD 146,000USD 73510.6%High
Jardines del HipódromoUSD 938/m²USD 109,500USD 49310.3%Low
Curva de MaroñasUSD 793/m²USD 110,000USD 51710.3%Low
SayagoUSD 975/m²USD 143,500USD 7489.9%High
MaroñasUSD 841/m²USD 104,000USD 6649.8%Medium
Bella VistaUSD 1,205/m²USD 183,000USD 1,0569.7%Low
ItuzaingóUSD 950/m²USD 99,000USD 5449.6%Low
Malvín NorteUSD 1,058/m²USD 155,000USD 7539.6%Medium
CapurroUSD 1,122/m²USD 135,000USD 8419.6%Low
ColónUSD 908/m²USD 142,500USD 5929.3%High
Brazo OrientalUSD 1,215/m²USD 220,000USD 1,0519.3%High
PalermoUSD 1,524/m²USD 310,000USD 9729.2%Medium
La FiguritaUSD 1,231/m²USD 139,000USD 9589.1%Low
Villa MuñozUSD 1,087/m²USD 154,500USD 8088.9%Low
Flor de MaroñasUSD 867/m²USD 108,000USD 6928.8%Low
ReductoUSD 1,160/m²USD 170,000USD 9998.5%Medium
AtahualpaUSD 1,382/m²USD 237,500USD 9508.5%Medium
Tres CrucesUSD 1,586/m²USD 229,000USD 1,1228.4%Medium
Barrio SurUSD 1,442/m²USD 198,000USD 1,3128.4%Low
BelvedereUSD 925/m²USD 156,000USD 6418.3%Medium
Paso MolinoUSD 1,103/m²USD 165,000USD 1,0728.3%Medium
CordónUSD 1,309/m²USD 245,000USD 1,2208.2%High
Aires PurosUSD 1,213/m²USD 180,000USD 7778.1%Medium
La ComercialUSD 1,293/m²USD 175,000USD 7618.0%High
AguadaUSD 1,161/m²USD 159,000USD 1,0797.9%High
La BlanqueadaUSD 1,667/m²USD 240,000USD 1,1327.9%High
BuceoUSD 1,833/m²USD 235,000USD 1,6627.6%High
Jacinto VeraUSD 1,513/m²USD 183,000USD 1,1187.5%High
Pocitos NuevoUSD 2,315/m²USD 349,000USD 2,1107.4%Medium
LarrañagaUSD 1,862/m²USD 240,000USD 1,0767.3%Low
Parque RodóUSD 1,892/m²USD 310,000USD 1,0437.2%Medium
CentroUSD 1,045/m²USD 264,000USD 1,2777.2%Medium
Parque BatlleUSD 2,038/m²USD 345,000USD 1,3097.2%High
Punta GordaUSD 2,074/m²USD 600,000USD 3,2597.1%High
Puerto BuceoUSD 3,189/m²USD 650,000USD 1,9607.0%Low
Villa DoloresUSD 1,980/m²USD 220,000USD 7636.9%Low
Punta CarretasUSD 2,649/m²USD 640,000USD 2,8356.4%High
PocitosUSD 2,299/m²USD 450,000USD 2,2096.2%High
MalvínUSD 1,989/m²USD 365,000USD 1,3926.1%High
CarrascoUSD 2,805/m²USD 745,670USD 3,5895.9%High
PradoUSD 1,444/m²USD 295,000USD 1,1555.8%High
Carrasco NorteUSD 3,043/m²USD 380,000USD 3,9675.5%High

The highest returns are in Manga (14.8%), La Teja (13.7%), Punta Rieles (13.4%) and Villa Española (12.5%), all in the USD 700 to USD 850 per square metre band. These are houses of USD 85,000 to USD 115,000 renting for between USD 430 and USD 750.

The flip side is management. A house carries maintenance of its own that an apartment shares among all the owners in the building: roofs, damp, wiring, exterior paint. Over a multi-year return calculation, that difference eats into part of the extra point the table shows.

One striking case deserves context: Ciudad Vieja shows a 10.7% house yield at a price of just USD 751/m², the second lowest in the city, on a median floor area of 400 square metres. These are not typical single-family homes but large old properties in the historic quarter, whose value depends heavily on the state of repair of each one.

Conclusion

Houses in Montevideo are systematically cheaper per square metre than apartments and systematically more profitable to rent out, with a median of 8.8% against 6.0%. In exchange they ask for more capital up front (USD 170,000 against a median USD 141,750) and more maintenance work. To live in, the choice is usually settled by the neighbourhood; to invest, by how much management you are willing to take on.

Read on: price rankings by neighbourhood and market report.

Frequently asked questions

How often is this data updated?

It is recalculated once a month, with the previous month's close, and published alongside the INGAR Index.

Where do these prices come from?

From our own survey of publicly listed supply in Montevideo: these are asking prices, not closing prices. In Uruguay deals usually close below the listed value.

Want to decide with data instead of gut feel? See how to invest in Uruguay, get an online property appraisal or message us on WhatsApp.

This data is part of the INGAR Index, the monthly index of Montevideo's real estate market, with a data sheet per neighbourhood and a public methodology.

Updated with the 2026-07 close. Source: INGAR Index, the monthly index of Montevideo's real estate market.

Data from the INGAR Index — 2026-07.

Neighborhood data

Price per m², median rent and yield, with the full monthly series from the INGAR Index:

See all neighborhoods

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