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Home Replacement Cost Calculator
Your home
Example: a 2,000 sq ft home of average construction quality at the midpoint of $175 per sq ft costs $350,000 to rebuild, with a typical range of $300,000 to $400,000.
Behind the numbers
How replacement cost is calculated
This is an insurance replacement-cost estimate: what it would cost to rebuild your home with similar materials at today's prices. It is not a market appraisal and it is not your home's market value — it excludes the land and the location premium a buyer would pay.
2,000 sq ft × $175 per sq ft = $350,000. The low end uses $150 per sq ft ($300,000) and the high end uses $200 per sq ft ($400,000). Stories and bathrooms do not change the per-square-foot rate in this estimate.
Typical US cost per sq ft, 2026
Midpoints used for the headline estimate: economy $135, average $175, custom $250, luxury $375 per sq ft. Costs vary by region, labor prices and local building codes.
A few comparisons
Example replacement costs
| Living area | Quality | Midpoint per sq ft | Estimated cost | Range |
|---|---|---|---|---|
| 1,200 sq ft | Economy | $135 | $162,000 | $144,000 – $180,000 |
| 2,000 sq ft | Average | $175 | $350,000 | $300,000 – $400,000 |
| 2,500 sq ft | Custom | $250 | $625,000 | $500,000 – $750,000 |
| 3,500 sq ft | Luxury | $375 | $1,312,500 | $1,050,000 – $1,575,000 |
Small changes. Better coverage.
Measure finished living area only. Including a garage or unfinished basement inflates the estimate and can leave you over-insured.
Pick the quality that matches your actual finishes — upgraded kitchens, hardwood floors and stone counters push a home from average into custom.
Rebuilding costs rise with inflation and local labor prices, so review your coverage every year rather than relying on a figure from years ago.
Use the high end of the range when you talk to your insurer if your area has high labor costs or strict building codes — a low estimate can leave a gap after a loss.
Good to know
Your replacement cost questions, answered.
Is replacement cost the same as my home's market value?
No. Replacement cost is what it would cost to rebuild the home with similar materials at today's prices. Market value includes the land, the location and what buyers are willing to pay, so the two numbers are often very different.
What construction quality should I choose?
Choose economy for a basic, builder-grade home, average for a typical home with standard finishes, custom for upgraded finishes and features, and luxury for high-end materials, large rooms and premium finishes throughout.
Do stories and bathrooms change the estimate?
Not in this calculator. The estimate is living area multiplied by the cost per square foot for the construction quality you choose. Stories and bathrooms are recorded for your reference and for talking with your insurer, but they do not change the per-square-foot rate here.
Why is there a range instead of one exact price?
Rebuilding costs vary by region, labor prices, materials and local building codes. The midpoint is a useful planning figure for insurance, while the low and high ends show the range you should expect quotes to fall in.