Living in Carrasco: Prices in the Premium Neighborhood — July 2026
INGAR · · Market
How much does it cost to buy in Carrasco?
The median Carrasco apartment costs USD 420,000, the highest total price in Montevideo, across a median floor area of 111 square metres. The square metre stands at USD 3,794, sixth in the city and 53% above the Montevideo median.
| Metric | Value |
|---|---|
| Median price per m² | USD 3,794/m² |
| Usual range (p25–p75) | USD 3,154 – 4,611/m² |
| Median total price | USD 420,000 |
| Median floor area | 111 m² |
| Monthly change | -0.9% |
| Year-to-date change | -9.1% |
| Median rent | USD 1,952 |
| Gross yield | 5.9% |
| Estimated net yield | 3.9% |
| Years of rent to cover the price | 17.9 |
| Months of supply | 2.1 |
| Supply level | High |
| Houses: median price per m² | USD 2,805/m² |
The difference between Carrasco and the rest of the premium band lies less in price per square metre than in size: a median 111 square metres against 67 in Pocitos and 71 in Punta Carretas. Here you buy a different scale of home, which is why the ticket is almost double.
That size also explains the widest price range in the city, from USD 3,154 to USD 4,611 per square metre: in Carrasco large-floor apartments in buildings on the promenade coexist with more modest units further inland.
What is the rent in Carrasco and what does it yield?
The median rent is USD 1,952 a month, the third highest in Montevideo, and the gross yield is 5.9%, barely below the city's 6.0% median. The estimated net figure is 3.9% and it takes 17.9 years of rent to cover the purchase price.
That is an interesting data point: despite being the highest-ticket neighbourhood, Carrasco yields in line with the city median and better than Pocitos (5.1%) or Punta Carretas (5.4%). The reason is that renting large houses and apartments in Carrasco meets a specific, solvent demand tied to families and to company and embassy staff.
How did Carrasco prices move this month?
Asking prices eased 0.9% in the month, but the relevant figure is the year-to-date one: down 9.1%, the largest correction across the entire premium band. Supply is absorbed in 2.1 months, above the city median (1.6), confirming this is a slower market.
That combination, asking prices falling and slower-than-average absorption, is to be expected in a high-ticket segment: the more expensive the product, the fewer possible buyers, and the adjustment arrives through price before volume.
What sets Carrasco apart?
Carrasco is not an apartment neighbourhood with houses, it is a house neighbourhood with some apartments. It was laid out as a garden city in the early twentieth century and keeps that logic: large blocks, mature tree cover, houses set back from the street line and very low density by city standards.
That shapes daily life. A car is needed for almost everything, commercial life concentrates on Arocena and the shopping centres, and the private and international school offering is the densest in the country. It is also the neighbourhood closest to the airport, fifteen minutes away.
The house is the characteristic product and the most expensive in Montevideo: USD 2,805/m² and a median price of USD 745,670 across 300 square metres. It is the only neighbourhood where the median house exceeds seven hundred thousand dollars.
Who is Carrasco right for?
For families prioritising floor area, greenery and schools, and for those working in the east or travelling frequently. The entry ticket is the highest in the city, but what you buy is a property type that barely exists elsewhere in Montevideo.
For investors, Carrasco has an unusual profile within the premium segment: it yields 5.9% gross, in line with the city, with solvent and stable rental demand. The trade-off is liquidity: 2.1 months of absorption and a year-to-date decline indicate that exiting requires more patience than on the central coast.
Frequently asked questions
How much does a square metre cost in Carrasco?
The table above shows the neighbourhood's median USD per square metre and its usual range, updated with the INGAR Index monthly close.
Is Carrasco a good place to invest?
It depends on your goal: check the yield and supply dynamics above. For a read on a specific property, get an online appraisal or write to us.
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. See the Carrasco data sheet with the full monthly series and the 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.