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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.

In the vast majority of cases, chain-link fences are less expensive than wood fences. Installing a wood fence costs anywhere from 20% to 30% more than a chain-link fence, or an average of $3,100, whereas a similarly sized chain-link fence will average around $2,400. Even with add-ons and additional protective finishes, a chain-link fence is very likely to cost you less than a wood fence. The only exception would be a split rail wood fence, which can cost about half the price of a chain-link fence or less.

If the fence is on one neighbor’s property, that person is responsible for repairs, regardless of who benefits from the fence more. The other neighbor must keep trees and other obstacles from crossing the property line and affecting the fence. If the fence is directly on the property line, though, who owns a shared fence? Many states have laws that address this issue. Typically, the two property owners would share responsibilities and costs for fence maintenance and repair. You may need a property line survey to precisely determine ownership and responsibility.

The average lifespan of a wood fence is 15 to 20 years, but some can last for 40 years or more depending on several factors. The type of wood is crucial; for example, untreated pine may only last 5 to 10 years, while pressure-treated pine can last up to 20 years, and cedar's natural resistance can extend its life to 40 years. Other factors include local weather conditions, with wet and windy climates causing faster deterioration, and the quality of maintenance. Higher-end wood, metal posts, and privacy fence styles also tend to last longer.