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The cheapest fence to install is likely to be a wire fence, whether it’s hog wire or chicken wire. Closely following that is something repurposed that would be free to collect, like a DIY pallet fence. Most wire fences are available in large quantities at a low cost, so they’re great for homes with a tight budget.

Knowing how close to the property line you can build a fence is an important planning step in your fence installation project. In many U.S. states, you are allowed to build a fence directly on the property line as long as your neighbor signs off on the plan. But check with your state government because some states and municipalities require a couple of inches before your property line.

Most homeowners who install a wrought iron fence do so because it provides security. The material is sturdy and deters intruders from entering your property. They're also built to last and won't rust if you purchase a galvanized iron fence. So, you don't have to worry about replacing fencing every few years like you might with wood or other less expensive materials. Most homeowners also adore the look of wrought iron fencing, which adds a timeless look to just about any style home.

The average cost to install a fence is between $1,800 and $4,500. However, the price can vary significantly based on several factors. For a small DIY project, costs could be as low as $450, while fencing a large property like a 5-acre yard can exceed $43,000. Key factors that influence the total cost include the fence's size and height, the material used, the complexity of the design, site preparation needs, and any additional features like gates. The cost of raw materials, manufacturing, and custom fabrication can also impact the final price.