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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.

Security experts recommend deadbolt locks as the most secure option for a house's exterior or entry doors. Deadbolts provide the best security because they can prevent most types of forced entry and are harder to lockpick. Common types include the standard single-cylinder deadbolt, which is often found on front doors. For enhanced security, you can opt for a double-cylinder deadbolt, which requires a key to operate from both the inside and the outside.

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.

Deadbolts are solid and durable as can be, but the pin and tumbler can still be forced open, thus making this type of lock susceptible to picking. Most types of deadbolts are harder to pick than a traditional spring-based lock, though. It requires a specialized lock pick and a tension wrench to align all of the pins, thus unlocking the door.