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Rekeying is typically cheaper than replacing locks. Professional rekeying costs between $40 and $160, sometimes with an additional fee of $15 to $40 per lock. A locksmith's hourly rate averages around $75. If you do it yourself, a rekeying kit can cost as little as $10. In contrast, replacing a lock costs between $130 and $500, with an average of around $315, depending on the hardware and lock type. Rekeying is a simpler process that changes the key for your existing lock without replacing the hardware. It is a good option if you have a quality lock that works well, you've recently moved, you've lost a key, or you need a quick security upgrade. The best choice depends on the condition of your current locks.

Whether or not keyless door locks are safe and trustworthy depends on the visibility of the programming code—and a trespasser’s determination. Even if you carefully guard entry and programming codes, those trying to break in may be able to crack open the lock’s faceplate with a screwdriver and change the codes. The same goes for manual models.

Some find smart locks the safest option because it’s harder to manipulate codes without access to your phone. But it’s possible to get hacked even then. Consider installing an extended security system, like door and window alarms or surveillance cameras, to enhance security. 

Expect to pay between $50 to $200 if you hire a locksmith to change your locks. That figure includes labor and the cost of basic hardware. The cost will naturally be higher if you plan to install more expensive locks, like smart locks, and if you need a lot of them.

Homeowners can save money by replacing locks themselves. A typical rekeying kit costs about $10 to $25. The only additional cost is purchasing new house keys, and those are no more than a few dollars per key. If you want to replace the locks on your own completely, the main cost is the price of the locks themselves. A standard knob-style lock starts around $25, while electronic locks and smart locks will run in the hundreds of dollars. The only additional tools you should need are a tape measure, screwdriver, and screws if they are not already provided.

You might want to change a door lock entry code for a handful of reasons. The most common answers are extra security or a forgotten code. You may also find yourself in a position where you need to temporarily change the code to allow a guest to come and go freely but want to switch it back once things return to normal.