Carrasco real estate data — Índice INGAR

How much does a square meter cost in Carrasco, Montevideo?

An apartment in Carrasco costs a median of USD 3,794 per m² in July 2026, -0.9% versus the previous month.

In July 2026, Carrasco ranks #6 of 49 published neighborhoods by price per m² in apartments (#1 = most expensive). The median asking price is USD 420,000 for a typical surface of 111 m². Versus the previous month the price per m² moved -0.9%; since the series began (March 2026) it accumulates -9.1%. Supply in the neighborhood is high relative to the rest of the city, with 2.1 months of inventory at the current sales pace. Estimated capital appreciation for the area is +3.6% per year; unlike the other figures in this section, this one is calculated from official INE and DGI series, not from our own survey. Figures reflect asking prices from the Índice INGAR, not closed transactions.

Apartments — July 2026

Median USD/m² (USD/m²)

USD 3,794

P25–P75 (USD/m²)

3,154 – 4,611

Median price (USD)

USD 420,000

Median surface

111 m²

MoM change

-0.9%

Change since series start

-9.1%

Median rent (USD/mo)

USD 1,952

Estimated gross yield

5.9% estimated

Estimated net yield

3.9% estimated

Months of supply

2.1

Absorption rate

46.7%

Estimated capital appreciation (INE + DGI)

+3.6%

Supply

High

What rental yield does an apartment in Carrasco produce?

An apartment in Carrasco yields an estimated 5.9% gross per year in July 2026 (3.9% estimated net), with a median rent of USD 1,952 per month. These are estimates over asking prices, not guaranteed returns.

How the net yield is estimated (total deduction of 35.16%) →

Monthly series — Apartments

* Yields are estimates based on asking prices, not promised returns. See methodology. The series starts in March 2026; cumulative change is measured from that start.

Source: Índice INGAR — our own market survey (asking prices).

How much does a house cost in Carrasco, Montevideo?

A house in Carrasco has a median asking price of USD 745,670 in July 2026 (USD 2,805/m², typical surface 300 m²), -1.0% versus the previous month.

In July 2026, Carrasco ranks #3 of 55 published neighborhoods by price per m² in houses (#1 = most expensive). Versus the previous month the price per m² moved -1.0%; since the series began (March 2026) it accumulates -8.1%. Supply in the neighborhood is high relative to the rest of the city, with 3.3 months of inventory at the current sales pace. Estimated capital appreciation for the area is +3.6% per year; unlike the other figures in this section, this one is calculated from official INE and DGI series, not from our own survey. Figures reflect asking prices from the Índice INGAR, not closed transactions.

Houses — July 2026

Median USD/m² (USD/m²)

USD 2,805

P25–P75 (USD/m²)

1,880 – 3,647

Median price (USD)

USD 745,670

Median surface

300 m²

MoM change

-1.0%

Change since series start

-8.1%

Median rent (USD/mo)

USD 3,589

Estimated gross yield

5.9% estimated

Estimated net yield

3.8% estimated

Months of supply

3.3

Absorption rate

30.8%

Estimated capital appreciation (INE + DGI)

+3.6%

Supply

High

Monthly series — Houses

* Yields are estimates based on asking prices, not promised returns. See methodology. The series starts in March 2026; cumulative change is measured from that start.

Source: Índice INGAR — our own market survey (asking prices).

How much does land cost per square meter in Carrasco, Montevideo?

Land in Carrasco costs a median of USD 750 per m² in July 2026, 0.0% versus the previous month.

In July 2026, Carrasco ranks #15 of 17 published neighborhoods by price per m² in land (#1 = most expensive). The median asking price is USD 672,978 for a typical surface of 986 m². Versus the previous month the price per m² moved 0.0%; since the series began (March 2026) it accumulates 0.0%. Supply in the neighborhood is medium relative to the rest of the city, with 4.4 months of inventory at the current sales pace. Estimated capital appreciation for the area is +3.6% per year; unlike the other figures in this section, this one is calculated from official INE and DGI series, not from our own survey. Figures reflect asking prices from the Índice INGAR, not closed transactions.

Land — July 2026

Median USD/m² (USD/m²)

USD 750

P25–P75 (USD/m²)

710 – 1,085

Median price (USD)

USD 672,978

Median surface

986 m²

MoM change

0.0%

Change since series start

0.0%

Months of supply

4.4

Absorption rate

22.5%

Estimated capital appreciation (INE + DGI)

+3.6%

Supply

Medium

Monthly series — Land

* Yields are estimates based on asking prices, not promised returns. See methodology. The series starts in March 2026; cumulative change is measured from that start.

Source: Índice INGAR — our own market survey (asking prices).

How much is rent in Carrasco, Montevideo?

The average rent in Carrasco was UYU 63,436 (USD 1,586) in May 2026, based on real contracts registered with the DGI (Uruguay's tax agency) and published by the INE (national statistics institute).

Year over year it moved +10.7% in pesos (+15.3% in dollars). The average comes from 49 new contracts registered over the last 12 months (rolling annual average). INE publishes with a lag of about three months; the figure is an average per contract, with no breakdown by property type or size.

Monthly series — Official rent (INE)

Source: INE (Real Estate Activity Index — Rentals, based on contracts registered with the DGI). USD conversion: Ingar, using the BCU exchange rate.

How much new housing is being built in Carrasco, Montevideo?

Carrasco had 18,574 m² of new housing approved in 2025 (33 building permits), +90% versus 2024.

Carrasco ranks #10 of 54 Montevideo neighborhoods by approved housing m² in 2025. So far in 2026, 6,697 m² have been approved (partial year, ~2-month publication lag). Building permits are the leading indicator of future supply: what is approved today reaches the market as new housing within roughly two to three years. The city series starts in 1997, allowing full construction cycles to be read.

Annual series — approved housing m²

Source: City of Montevideo (Intendencia) — Approved building permits, National Open Data Catalog. Aggregation by neighborhood: Ingar.

See the permits map →

Comparable neighborhoods

• Parque Rodó · USD 3,715/m²
• Punta Carretas · USD 3,802/m²
• Pocitos Nuevo · USD 3,669/m²
• Carrasco Norte · USD 3,819/m²