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Montevideo's best neighborhoods offer distinct advantages for property buyers, from the coastal charm of Pocitos to the historic appeal of Ciudad Vieja.
Each area presents unique characteristics in terms of property prices, rental yields, infrastructure, and quality of life factors that directly impact investment potential and living experience.
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Pocitos stands out as the most expensive neighborhood with prices around $2,800 per square meter, while Cordón offers the best value at $1,200 per square meter.
The coastal neighborhoods like Punta Carretas and Pocitos provide the highest quality of life but come with premium pricing, while central areas like Ciudad Vieja offer better rental yields for investors.
| Neighborhood | Price per m² (USD) | 2BR Rent (USD/month) | Population | Crime Rate (/1,000) | Commute to Center (min) | Green Space (%) |
|---|---|---|---|---|---|---|
| Pocitos | $2,800 | $950 | 45,000 | 12 | 15 | 18% |
| Punta Carretas | $2,600 | $900 | 38,000 | 10 | 12 | 22% |
| Cordón | $1,200 | $450 | 42,000 | 18 | 8 | 12% |
| Ciudad Vieja | $1,500 | $550 | 25,000 | 22 | 5 | 8% |
| Malvín | $1,800 | $650 | 32,000 | 14 | 25 | 25% |
| Carrasco | $3,200 | $1,100 | 28,000 | 8 | 30 | 35% |
| Centro | $1,400 | $500 | 55,000 | 20 | 0 | 10% |
How many people live in each neighborhood?
Montevideo's neighborhood populations vary significantly based on density and area size.
Centro leads with approximately 55,000 residents, making it the most densely populated area in the capital. Pocitos follows with 45,000 inhabitants, while Cordón houses around 42,000 people.
Punta Carretas maintains a population of 38,000 residents, Malvín has 32,000, and Carrasco is home to 28,000 people. Ciudad Vieja, despite being the historic center, has a smaller residential population of 25,000 due to its commercial nature.
These population figures directly impact property demand and rental market dynamics in each area.
What is the average price per square meter to buy an apartment or house there?
Property prices in Montevideo vary dramatically between neighborhoods, with coastal areas commanding premium rates.
Carrasco tops the market at $3,200 per square meter, followed by Pocitos at $2,800 per square meter. Punta Carretas comes in at $2,600 per square meter, reflecting its upscale coastal location.
More affordable options include Malvín at $1,800 per square meter, Ciudad Vieja at $1,500 per square meter, and Centro at $1,400 per square meter. Cordón offers the most budget-friendly option at $1,200 per square meter.
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These price differences reflect factors like proximity to the coast, infrastructure quality, and neighborhood prestige.
What is the average monthly rent for a two-bedroom apartment?
Rental prices in Montevideo follow similar patterns to purchase prices, with coastal neighborhoods commanding higher rents.
Carrasco leads rental rates at $1,100 per month for a two-bedroom apartment, followed by Pocitos at $950 per month. Punta Carretas averages $900 per month for similar properties.
Mid-range options include Malvín at $650 per month, Ciudad Vieja at $550 per month, and Centro at $500 per month. Cordón offers the most affordable rental market at $450 per month for a two-bedroom unit.
These rental rates provide investors with varying yield opportunities depending on their target market and investment strategy.
What is the crime rate per 1,000 residents?
Crime rates across Montevideo neighborhoods show clear patterns related to economic conditions and location.
Carrasco enjoys the lowest crime rate at 8 incidents per 1,000 residents, followed by Punta Carretas at 10 per 1,000. Pocitos maintains a relatively safe environment with 12 incidents per 1,000 residents.
Malvín reports 14 incidents per 1,000 residents, while Cordón experiences 18 per 1,000. Centro and Ciudad Vieja have higher rates at 20 and 22 incidents per 1,000 residents respectively, typical for urban commercial centers.
These crime statistics significantly influence property values and rental demand in each neighborhood.
What is the average household income in the area?
Household income levels vary substantially across Montevideo neighborhoods, reflecting socioeconomic stratification.
| Neighborhood | Average Monthly Income (USD) | Income Level |
|---|---|---|
| Carrasco | $3,500 | High |
| Pocitos | $2,800 | High |
| Punta Carretas | $2,600 | High |
| Malvín | $1,800 | Middle |
| Centro | $1,500 | Middle |
| Ciudad Vieja | $1,400 | Middle |
| Cordón | $1,200 | Lower-Middle |
How many schools, hospitals, and clinics are within a 5 km radius?
Healthcare and educational infrastructure distribution varies across Montevideo neighborhoods based on density and planning.
Centro offers the highest concentration with 12 schools, 4 hospitals, and 8 clinics within 5 km. Pocitos provides 10 schools, 3 hospitals, and 6 clinics in the same radius.
Punta Carretas has 8 schools, 2 hospitals, and 5 clinics, while Cordón offers 9 schools, 3 hospitals, and 4 clinics. Malvín provides 6 schools, 2 hospitals, and 3 clinics within the 5 km range.
Ciudad Vieja has 7 schools, 2 hospitals, and 4 clinics, while Carrasco offers 5 schools, 1 hospital, and 3 clinics due to its more residential nature.
What percentage of residents use public transportation daily?
Public transportation usage patterns reflect income levels and infrastructure accessibility across neighborhoods.
Cordón leads with 65% of residents using public transport daily, followed by Ciudad Vieja at 60%. Centro shows 55% daily usage, while Malvín reports 45% of residents relying on public transportation.
Pocitos demonstrates 35% usage, Punta Carretas shows 30%, and Carrasco has the lowest at 20% due to higher car ownership rates among wealthy residents.
These usage patterns influence infrastructure development and property accessibility considerations for potential buyers.
How long is the average commute to the city center in minutes?
Commute times vary significantly based on distance and transportation infrastructure quality.
Centro residents enjoy zero commute time as they're already in the city center, while Ciudad Vieja averages just 5 minutes. Cordón residents face an 8-minute average commute to reach the center.
Punta Carretas averages 12 minutes, Pocitos takes 15 minutes, and Malvín requires 25 minutes for the journey. Carrasco has the longest commute at 30 minutes due to its peripheral location.
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How many restaurants, cafés, and supermarkets are within walking distance?
Commercial amenities distribution reflects neighborhood density and economic activity levels.
Centro dominates with over 150 restaurants and cafés plus 25 supermarkets within walking distance. Pocitos offers 80 dining establishments and 15 supermarkets, while Punta Carretas provides 60 restaurants/cafés and 12 supermarkets.
Ciudad Vieja has 70 dining options and 10 supermarkets, Cordón offers 50 restaurants/cafés and 8 supermarkets. Malvín provides 35 dining establishments and 6 supermarkets within walking distance.
Carrasco, being more residential, has 25 restaurants/cafés and 4 supermarkets, focusing on upscale establishments serving the affluent population.
What percentage of green space or parks exists compared to the neighborhood's total area?
Green space availability varies dramatically across Montevideo neighborhoods, impacting quality of life and property values.
- Carrasco leads with 35% green space, including beaches, parks, and residential gardens that attract high-end buyers
- Malvín offers 25% green coverage, benefiting from coastal parks and recreational areas along the coastline
- Punta Carretas provides 22% green space, featuring well-maintained parks and the famous Punta Carretas Shopping area gardens
- Pocitos maintains 18% green areas, including the popular Rambla coastal walkway and neighborhood parks
- Cordón has 12% green space, primarily small neighborhood parks scattered throughout the residential area
- Centro offers 10% green coverage, mainly consisting of Plaza Independencia and smaller urban squares
- Ciudad Vieja provides 8% green space, limited to historic plazas and small urban parks within the old city limits
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How many new construction projects or developments are currently underway?
As of September 2025, construction activity in Montevideo reflects market demand and investment patterns across different neighborhoods.
Pocitos leads with 15 active projects, primarily luxury apartment buildings and mixed-use developments. Punta Carretas follows with 12 projects, focusing on high-end residential towers and commercial spaces.
Centro has 10 ongoing developments, mainly office buildings and residential conversions. Malvín shows 8 projects, mostly mid-range housing developments targeting growing families.
Carrasco maintains 6 exclusive projects, emphasizing luxury villas and premium apartments. Ciudad Vieja has 5 projects focusing on historic building renovations and boutique hotels. Cordón shows 4 developments, primarily affordable housing initiatives.
What is the average internet speed and coverage reliability in each neighborhood?
Internet infrastructure quality varies across Montevideo neighborhoods, affecting remote work capabilities and property appeal.
| Neighborhood | Average Speed (Mbps) | Fiber Coverage (%) | Reliability Rating |
|---|---|---|---|
| Carrasco | 250 | 95% | Excellent |
| Pocitos | 220 | 90% | Excellent |
| Punta Carretas | 200 | 88% | Very Good |
| Centro | 180 | 85% | Good |
| Malvín | 160 | 75% | Good |
| Cordón | 140 | 70% | Fair |
| Ciudad Vieja | 120 | 65% | Fair |
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Montevideo's neighborhood analysis reveals clear patterns for property investors and residents seeking optimal locations.
It's something we develop in our Uruguay property pack.
Sources
- Instituto Nacional de Estadística - Census 2023
- Gallito.com.uy - Real Estate Market Data
- InfoCasas - Property Market Statistics
- Ministry of Interior - Crime Statistics
- INE - Household Income Survey
- ANEP - Educational Centers Database
- Ministry of Health - Healthcare Facilities
- Montevideo Municipality - Transportation Data