Living in Carrasco: Prices in the Premium Neighborhood — July 2026
INGAR · · Market
Sale Prices
Carrasco maintains its position as one of the most valued neighborhoods in Montevideo. The weighted average price stands at USD 3,920/m², reflecting the consolidation of this area as a premium destination for home buying.
The price structure shows an interesting feature: 5-bedroom apartments have a unit value of USD 3,164/m², below the neighborhood average, suggesting that larger properties offer better utilization of usable floor space. 4-bedroom properties reach the highest peak at USD 4,065/m², while smaller apartments are around USD 3,800/m².
| Bedrooms | Price/m² | Total Price |
|---|---|---|
| 0 | USD 3,825/m² | USD 140,000 |
| 1 | USD 3,819/m² | USD 200,000 |
| 2 | USD 3,794/m² | USD 363,300 |
| 3 | USD 3,951/m² | USD 513,400 |
| 4 | USD 4,065/m² | USD 860,000 |
| 5 | USD 3,164/m² | USD 980,000 |
For context, you can check the neighborhood price ranking where Carrasco competes directly with Punta Carretas and the upper Pocitos area. Absolute sale prices range from USD 140,000 for studios to USD 980,000 for large homes or apartments, representing the diversity of available options.
Rentals
The rental market in Carrasco reflects sustained demand from residents seeking to live in a well-established area with excellent access, proximity to shops, top-tier private education, and a strong sense of security.
| Bedrooms | Monthly Rent |
|---|---|
| 0 | USD 774 |
| 1 | USD 989 |
| 2 | USD 2,000 |
| 3 | USD 2,770 |
| 4 | USD 5,200 |
| 5 | USD 6,000 |
Studio apartments reach USD 774/month, while 2-bedroom apartments are priced at USD 2,000/month. Large 5-bedroom properties turn over at USD 6,000/month. These values place Carrasco in the premium segment of Montevideo's residential rental market, in line with the neighborhood's construction quality and location.
Returns
- Gross yield: 5.6%
- Estimated net yield: 4.2%
- Price-to-rent ratio: 18 years
- Median monthly rent: USD 2,118
With a gross yield of 5.6%, Carrasco stands out as an attractive option for investors seeking both returns and long-term appreciation. The estimated net yield of 4.2%—after deducting management fees, taxes, and maintenance costs—remains competitive within the Montevideo market.
The price-to-rent ratio of 18 years indicates that recovering the initial investment through rental income takes approximately a decade and a half. This is expected in a luxury neighborhood where capital appreciation is a central component of the anticipated return. For an institutional investor or one with a long-term horizon, this combination of current income and revaluation potential is well balanced.
The median monthly rent of USD 2,118 reflects that half of the rental properties generate income below that amount and the other half above it, placing Carrasco in the upper segment of Montevideo's rental market.
Market Dynamics
- Current supply (relative level across neighborhoods): High
- Months of stock: 3.6
Carrasco shows high supply in relative terms, meaning there is an abundance of properties for sale within the typical typology and price range of the neighborhood. With 3.6 months of available stock, we are looking at a balanced market that tilts slightly toward the buyer.
A stock of 3 to 4 months marks the threshold between a seller's market (under 3 months) and a buyer's market (over 4 months). In Carrasco, this abundance of options gives greater negotiating power to buyers: there is room to negotiate the price, request adjustments, or wait for the property that best fits specific needs.
This dynamic is particularly relevant for investors, who can be more selective and avoid rushed purchases. Sellers, on the other hand, should be prepared to adjust price expectations or improve the presentation of their properties.
Conclusion
Carrasco in July 2026 consolidates itself as a mature and stable neighborhood in Montevideo's real estate market. Prices average around USD 3,920/m², remain consistent by property type, and reflect the construction quality and services available in the area.
For owner-occupier buyers (those looking for their own home), now is a good time: high supply reduces price pressure and there is a wide variety of options. The neighborhood remains a benchmark for education, safety, and access to services.
For buy-to-let investors, Carrasco offers a gross yield of 5.6% and stable rental demand, but requires significant upfront capital (USD 363,000 for a 2-bedroom apartment is the average). The balance between current income and future appreciation is attractive for those with a long-term horizon looking to diversify their wealth into prime real estate.
You can explore more about this neighborhood and compare it with other areas in our reports on best neighborhoods to invest in.
Frequently Asked Questions
How much does a square meter cost in Carrasco?
In the sale price table above you'll find the median USD per square meter by number of bedrooms, updated this month with the current supply available in Carrasco.
Is it a good idea to invest in Carrasco?
It depends on your goal: check the returns section and the market dynamics above. For a personalized read, appraise a property online or contact us and we'll look at it together.
Want to invest with data, not intuition? See how to invest in Uruguay, appraise a property online, or message us on WhatsApp.
This data is part of the INGAR Index, the monthly index of Montevideo's real estate market. Check the Carrasco profile with the full monthly series and the methodology.
Updated: July 2026. Source: INGAR analysis based on current real estate listings in Montevideo.