Peñarol real estate data — Índice INGAR

How much does a house cost in Peñarol, Montevideo?

A house in Peñarol has a median asking price of USD 111,000 in July 2026 (USD 790/m², typical surface 124 m²), -4.6% versus the previous month.

In July 2026, Peñarol ranks #51 of 55 published neighborhoods by price per m² in houses (#1 = most expensive). Versus the previous month the price per m² moved -4.6%; since the series began (March 2026) it accumulates +2.9%. Supply in the neighborhood is medium relative to the rest of the city, with 2.7 months of inventory at the current sales pace. Estimated capital appreciation for the area is +3.7% 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 790

P25–P75 (USD/m²)

474 – 1,117

Median price (USD)

USD 111,000

Median surface

124 m²

MoM change

-4.6%

Change since series start

+2.9%

Median rent (USD/mo)

USD 630

Estimated gross yield

11.0% estimated

Estimated net yield

7.1% estimated

Months of supply

2.7

Absorption rate

36.9%

Estimated capital appreciation (INE + DGI)

+3.7%

Supply

Medium

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 Peñarol, Montevideo?

The average rent in Peñarol was UYU 18,779 (USD 469) in April 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 +6.0% in pesos (+12.1% in dollars). The average comes from 360 new contracts registered over the last 12 months (rolling annual average). The figure corresponds to the INE area “Peñarol, Lavalleja”, 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 Peñarol, Montevideo?

Peñarol had 22,373 m² of new housing approved in 2025 (9 building permits), +153% versus 2024.

Peñarol ranks #8 of 54 Montevideo neighborhoods by approved housing m² in 2025. So far in 2026, 112 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

• Curva de Maroñas · USD 793/m²
• Punta Rieles · USD 784/m²
• Manga · USD 795/m²
• Ciudad Vieja · USD 751/m²