Uruguay · South America · Population: 1,800,000
Montevideo is moderately affordable compared to major global cities, with steady growth in property values. The city has affordable rents compared to global standards. At $160,000 average home price in Uruguay, buyers should consider the 7.2x price-to-income ratio when planning a purchase.
| Average Home Price | $160,000 |
| Price per sqm | $2,500 |
| Price-to-Income Ratio | 7.2x |
| Mortgage Rate | 9.5% |
| 1-Year Price Change | +1.8% |
| 1-Bedroom Apartment | $550/mo |
| 3-Bedroom Apartment | $950/mo |
| Rent-to-Income Ratio | 25% |
| Median Household Income | $22,000/year |
| Years to Buy (at median income) | 7.2 years |
| Local Currency | UYU |
With a price-to-income ratio of 7.2x, Montevideo offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 1.8% in the past year.
Cities worldwide with home prices closest to Montevideo
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