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Rekeying door locks yourself costs a fraction of what you would expect to pay a locksmith. On average, it costs between $50 to $100 to hire a local locksmith to rekey your house, though labor costs may vary based on where you live. For a DIY solution, you can expect to spend $11 to $25 on a rekeying kit.

The benefit of deadbolt locks is that they're much harder to force open than simple locks with pin tumbler mechanisms, so they may offer added security. This feature is why many locksmiths recommend deadbolts for home security. For many households, this added protection and peace of mind is well worth the cost of installing a deadbolt.

Lock bumping is a technique locksmiths use to quickly and quietly open a pin tumbler lock, typically found in most types of deadbolts. It involves inserting a specially crafted key, or bump key, into the lock and tapping or "bumping" it with a mallet or similar tool. The force applied causes the lock's pins to jump momentarily, allowing the lock to be turned and opened. Unfortunately, thieves also use this technique to break into homes. Luckily, products like a deadbolt strap will fortify your lock.

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.