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Privacy fences in residential neighborhoods tend to stand between 6 and 8 feet tall, but local building code usually dictates the maximum height. Livestock fences that border large land plots range from 3 to 6 feet. Shorter, decorative fences, which are common in front yards, are around 3 feet tall, on average. Fence height also tends to vary by material, with wood fences usually sitting at 6 feet tall, and chain-link and wrought iron fences tending to sit at half that.

A metal fence can last for over 30 years if maintained correctly, though the exact lifespan varies by material. For instance, chain-link and aluminum fences can function well for 25 to 30 years, while corrugated metal fences may last up to 60 years with regular maintenance. The lifespan can be shortened by harsh weather, abuse, or lower-quality materials. Galvanized metal tends to last longer due to its protective barrier, whereas sheet and corrugated metal may rust faster than solid pieces.

Retaining walls offer more value to a home if they also divert water, prevent erosion, or help support a foundation. The ROI of a retaining wall is between 100% and 200%.

Both fences and walls can increase your home’s value, but you’ll spend significantly more on a wall than you would on a fence. A stone wall costs approximately $5,000, a retaining wall costs $6,100, and a fence costs $3,200 on average to put prices in perspective. 

Who pays for a new fence between neighbors depends on its location relative to the property line. If you build the fence entirely on your property, you are solely responsible for the costs of installation, maintenance, and repair. If the fence is built directly on the property line, both neighbors are typically responsible for the costs. In this case, it is essential to consult with your neighbor beforehand to agree on a plan for payment. While you should always inform your neighbor of your plans in advance, you generally cannot force them to contribute financially unless there are specific local laws, such as in California, where both parties might be responsible for costs unless a different agreement exists. It's a good idea to get a property line survey to know the exact boundaries before building.