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Discover the Average Cost to Replace Siding on a House

Average Cost To Replace Siding in 2023
Melissa Brock
Melissa BrockUpdated September 3, 2023
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You may think of the siding on your home as the part that "dresses it up." However, it does more than that — siding protects your home from rain, sleet, and snow, it improves energy efficiency, and it even increases the value of your home.Does your home need a siding facelift? If so, how much will it cost? Read on for more details about siding replacement costs and what residing can do for your home.  

Understanding Siding Replacement Costs

Replacing siding typically costs between $2 and $9 per square foot. Depending on a few factors, it might cost more, including the style of the siding, your home design, your location, and siding removal costs.  The cost to replace siding on your entire home can range from $6,000 to $23,000, depending on your choice of materials.Recommended: Vinyl Siding Financing Options

Benefits of Siding Replacement and Installation

Siding replacement and installation benefits include improved energy efficiency, enhanced curb appeal, and increased home value.

Improved Energy Efficiency

Siding replacement gives your home better insulation, meaning that your heater or furnace will not have to run nonstop to keep your house warm in winter. Similarly, siding can help keep your home cool in the summer. Siding keeps warm and cool air in your home and reduces your heating and cooling bills.

Enhanced Curb Appeal

New siding can help you increase your curb appeal by giving your home a clean finish. It eliminates mold and mildew, removes any damage and faded colors, and gives it a modern color scheme so your home doesn't look outdated.

Increased Home Value

Replacing old, worn out, or unattractive exterior siding on your home typically adds value to your home. However, the amount you will recoup through resale depends on the material you use. For example, in 2023, you can add $11,177 in value to your home by installing manufactured stone veneer, $15,485 for vinyl siding, or $17,129 for fiber cement siding. Recommended: Guide to Creating a Home Renovation Budget

Signs Your Siding Needs Replacement

Replacing the siding helps protect the structure underneath. Some clues that tell you that you need to replace your siding include evidence of cracking and warping, blisters or bubbles, fungus or mildew, and fading. If you must paint your home frequently (every couple of years), find that you have high energy bills, or notice peeling paint inside your home, you may need to replace your siding.Recommended: How Much Does It Cost to Renovate a House?

DIY Siding Installation vs Hiring a Professional

If you have experience, you can save money by replacing siding on your home yourself. However, it's important to ensure you have enough time, tools, and experience. Fortunately, certain types of siding, such as tongue-and-groove or vinyl siding, are lightweight and easy to install.  Labor costs average about $4 per square foot, or roughly $8,000 total.Don't forget about a few other additional costs, such as paint (averages $3,000), trim for lining the windows and doors (averages $1,800), and permits (up to $3,000). It may also cost between $1,000 and $3,000 to remove old siding. Find the right contractor to install your siding properly if you do not want to go the DIY route. Check with neighbors, friends, coworkers, and real estate agents for recommendations of contractors they've used in the past. Recommended: What Are Personal Loans and Their Uses?

Types of Siding to Consider

Here are some common types of siding and the range of cost to install on a two-story house:
  • Vinyl: This lightweight siding type costs between $2.50 and $11 per square foot to purchase and install for a total cost between $7,000 and $16,000.
  • Wood: Made of a variety of wood types and styles, wood siding costs between $6 and $9 per square foot for a total cost between $15,000 and $24,000.
  • Engineered wood: Engineered wood, created by wood strands or fibers bonded with resin under heat and pressure, costs between $4 to $9 per square foot for a total cost that ranges from $7,000 to $15,000.
  • Fiber cement: Fiber cement, a masonry product made of water, wood pulp, sand, and water, costs between $3 and $12 per square foot for a total cost of $14,000 to $23,000.
  • Stucco: Stucco, made of Portland cement, lime, sand, and water, costs between $6 to $10 per square foot for a range of $12,000 to $22,000.
  • Synthetic stone: Synthetic stone uses cement, natural aggregates, and pigments to mimic the look of real stone and costs between $12 to $25 per square foot.
  • Aluminum: Durable aluminum costs between $3 to $7.25 per square foot will cost between $10,000 to $19,000 to replace. 
  • Steel: Steel's heavy exterior costs between $4 to $9 per square foot, running you between $6,000 to $13,500 in total.    

The Takeaway

The average cost to replace siding on a home ranges from $6,000 to $23,000 depending on the size of your home, the type of siding you choose, and whether or not you install it yourself or hire a professional. When it comes time to pay for your siding replacement, your options include saving up and paying cash, using a personal loan, taking out a home equity loan or line of credit, or putting it on a credit card.If you’re looking to pay for it with a personal loan, consider Lantern by SoFi. Lantern allows you to compare multiple personal loans within just a few minutes, all with no obligation to you.Lantern can help you compare rates and find loan offers in minutes.

Frequently Asked Questions

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About the Author

Melissa Brock

Melissa Brock

Melissa Brock is a higher education and personal finance expert with more than a decade of experience writing online content. She spent 12 years in college admission prior to switching to full-time freelance writing and editing. Her work has appeared on Yahoo Finance, Entrepreneur, Investopedia, The Balance, FinanceBuzz, The Journal of College Admission, MarketBeat, College Finance, Rocket Mortgage, LeverageRx, Benzinga, Morty, Ally, and more.
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