Colón real estate data — Índice INGAR

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

An apartment in Colón costs a median of USD 998 per m² in July 2026, +1.5% versus the previous month.

In July 2026, Colón ranks #48 of 49 published neighborhoods by price per m² in apartments (#1 = most expensive). The median asking price is USD 50,000 for a typical surface of 50 m². Versus the previous month the price per m² moved +1.5%; since the series began (March 2026) it accumulates +9.7%. Supply in the neighborhood is low relative to the rest of the city, with 1.2 months of inventory at the current sales pace. Estimated capital appreciation for the area is +3.3% 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 998

P25–P75 (USD/m²)

874 – 1,342

Median price (USD)

USD 50,000

Median surface

50 m²

MoM change

+1.5%

Change since series start

+9.7%

Median rent (USD/mo)

USD 438

Estimated gross yield

10.9% estimated

Estimated net yield

7.1% estimated

Months of supply

1.2

Absorption rate

83.1%

Estimated capital appreciation (INE + DGI)

+3.3%

Supply

Low

What rental yield does an apartment in Colón produce?

An apartment in Colón yields an estimated 10.9% gross per year in July 2026 (7.1% estimated net), with a median rent of USD 438 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 Colón, Montevideo?

A house in Colón has a median asking price of USD 142,500 in July 2026 (USD 908/m², typical surface 150 m²), -4.4% versus the previous month.

In July 2026, Colón ranks #43 of 55 published neighborhoods by price per m² in houses (#1 = most expensive). Versus the previous month the price per m² moved -4.4%; since the series began (March 2026) it accumulates -3.8%. Supply in the neighborhood is high relative to the rest of the city, with 1.9 months of inventory at the current sales pace. Estimated capital appreciation for the area is +3.3% 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 908

P25–P75 (USD/m²)

597 – 1,250

Median price (USD)

USD 142,500

Median surface

150 m²

MoM change

-4.4%

Change since series start

-3.8%

Median rent (USD/mo)

USD 592

Estimated gross yield

9.3% estimated

Estimated net yield

6.0% estimated

Months of supply

1.9

Absorption rate

53.1%

Estimated capital appreciation (INE + DGI)

+3.3%

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 is rent in Colón, Montevideo?

The average rent in Colón was UYU 17,322 (USD 433) 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 +0.0% in pesos (+4.2% in dollars). The average comes from 236 new contracts registered over the last 12 months (rolling annual average). The figure corresponds to the INE area “Colón centro y noroeste”, which includes this neighborhood. 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 Colón, Montevideo?

Colón had 502 m² of new housing approved in 2024 (2 building permits).

Colón ranks #45 of 50 Montevideo neighborhoods by approved housing m² in 2024. 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

• Ituzaingó · USD 1,141/m²
• Cerro · USD 967/m²
• Cerrito · USD 1,171/m²
• Malvín Norte · USD 1,177/m²