Paso Molino real estate data — Índice INGAR

How much does a square meter cost in Paso Molino, Montevideo?

An apartment in Paso Molino costs a median of USD 1,627 per m² in September 2026, -3.2% versus the previous month.

In September 2026, Paso Molino ranks #38 of 48 published neighborhoods by price per m² in apartments (#1 = most expensive). The median asking price is USD 115,000 for a typical surface of 65 m². Versus the previous month the price per m² moved -3.2%; since the series began (March 2026) it accumulates -1.3%. Published supply in the neighborhood is low relative to the rest of the city; this does not measure completed sales. 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 — September 2026

Median USD/m² (USD/m²)

USD 1,627

P25–P75 (USD/m²)

1,000 – 1,875

Median price (USD)

USD 115,000

Median surface

65 m²

MoM change

-3.2%

Change since series start

-1.3%

Estimated capital appreciation (INE + DGI)

+3.3%

Supply

Low

Monthly series — Apartments

* Gross yield = annual rent ÷ asking price. It does not deduct vacancy, management, maintenance, taxes or acquisition costs. These 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 Paso Molino, Montevideo?

A house in Paso Molino has a median asking price of USD 149,800 in September 2026 (USD 1,223/m², typical surface 133 m²), -2.5% versus the previous month.

In September 2026, Paso Molino ranks #29 of 51 published neighborhoods by price per m² in houses (#1 = most expensive). Versus the previous month the price per m² moved -2.5%; since the series began (March 2026) it accumulates -6.5%. Published supply in the neighborhood is medium relative to the rest of the city; this does not measure completed sales. 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 — September 2026

Median USD/m² (USD/m²)

USD 1,223

P25–P75 (USD/m²)

1,008 – 1,508

Median price (USD)

USD 149,800

Median surface

133 m²

MoM change

-2.5%

Change since series start

-6.5%

Estimated capital appreciation (INE + DGI)

+3.3%

Supply

Medium

Monthly series — Houses

* Gross yield = annual rent ÷ asking price. It does not deduct vacancy, management, maintenance, taxes or acquisition costs. These 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 Paso Molino, Montevideo?

The average rent in Paso Molino was UYU 24,403 (USD 607) in July 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 +7.9% in pesos (+8.0% in dollars). The average comes from 240 new contracts registered over the last 12 months (rolling annual average). The figure corresponds to the INE area “Paso de las Duranas”, 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 Paso Molino, Montevideo?

Paso Molino had 3,572 m² of new housing approved in 2025 (6 building permits), +238% versus 2024.

Paso Molino ranks #33 of 54 Montevideo neighborhoods by approved housing m² in 2025. So far in 2026, 96 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

• Aires Puros · USD 1,500/m²
• Sayago · USD 1,716/m²
• Goes · USD 1,875/m²
• Villa Española · USD 1,499/m²