How Much Does Hardwood Flooring Cost 2023

Hardwood flooring is a popular choice for homeowners seeking both beauty and durability in their flooring. The cost of hardwood flooring can be a significant investment, and understanding the costs associated with this type of flooring is the focus of this ultimate guide.

Various factors can influence the overall cost, including the type of wood, materials, stain or finish, and installation fees. On average, installing hardwood flooring can range from $6 to $12 per square foot for materials and labor. However, more exotic or high-end options can raise the price significantly.

Hardwood Flooring Types

There are two primary types of hardwood flooring available in the market: solid hardwood and engineered hardwood. Both have their own unique characteristics, benefits, and installation methods. In this section, we will provide a brief overview of each type.

Solid Hardwood

Solid hardwood flooring is made from a single piece of wood, with a thickness ranging from 3/4″ to 7/16″. It is highly durable and can be refinished multiple times throughout its lifespan, making it a long-lasting investment. The cost can vary based on several factors, such as species, grade, and dimensions. Some common domestic and exotic hardwood species used for solid hardwood flooring include:

  • Oak
  • Maple
  • Cherry
  • Walnut
  • Brazilian cherry

Typically, solid hardwood flooring can cost between $4 and $12 per square foot for domestic species, while exotic species can range from $8 to $20 per square foot.

Engineered Hardwood

Engineered hardwood is composed of multiple layers, with a top layer made of real hardwood and the underlying layers made of plywood or high-density fiberboard (HDF). This construction provides increased stability and resistance to moisture compared to solid hardwood. Engineered hardwood flooring is more versatile and can be installed in various areas of your home, including basements and over concrete slabs. The cost of engineered hardwood depends on factors like species, finish, and thickness of the top layer.

SpeciesCost per Square Foot
Oak$3 – $8
Maple$4 – $10
Cherry$6 – $12
Walnut$7 – $14
Brazilian cherry$9 – $16

When choosing between solid and engineered hardwood flooring, consider factors such as location, budget, and preference for installation methods. Hardwood flooring is a significant investment, so it’s essential to be well-informed before making a decision.

Cost Factors

When determining the cost of hardwood flooring, there are several factors to consider:

Wood Species

Different wood species have various costs due to their availability and durability. Common options include:

  • Oak: $3-$7 per square foot
  • Maple: $4-$9 per square foot
  • Cherry: $7-$12 per square foot

Flooring Grade

The grade of the wood can affect its price:

  • Clear grade: No knots or defects, higher price
  • Common grade: Some knots and defects, lower price

Board Width and Thickness

Wider and thicker boards are generally more expensive:

  • Width: Price increases with width
  • Thickness: Price increases with thickness

Room Size

The cost of hardwood flooring is often calculated per square foot, so a larger room will require more materials and installation time, resulting in a higher cost.

Labor Costs


The cost of labor for installing hardwood flooring can vary depending on factors such as the size of the area, intricacy of patterns, and local labor rates. Generally, professional installers charge between $3 and $7 per square foot for standard installation.

Some possible additional labor costs may include:

  • Subfloor preparation: $1 to $3 per square foot
  • Additional molding or trim work: $1 to $5 per linear foot


Before a new hardwood floor can be installed, any old flooring must be removed. Labor costs for removing existing flooring, such as carpet or tile, can range from $1 to $4 per square foot. This can vary based on the difficulty of the removal process and disposal of the old materials.


Disposal fees for old flooring materials can be an additional expense. Most professionals include the cost of disposal in their overall quote, which can range from $0.20 to $0.50 per square foot. It’s a good idea to confirm with your installer if disposal fees are included in their pricing.

Additional Expenses

When considering hardwood flooring costs, it’s important to factor in other expenses that may impact the overall price.

Flooring Finish

Hardwood floors can come pre-finished, or they can be finished on-site. Pre-finished hardwood typically costs more upfront, but it saves you time and effort in the long run. Here are the average costs for each option:

Finish TypeAverage Cost
Pre-finished$3 – $5 per sq. ft.
On-site finish$2 – $4 per sq. ft.

Additional Material Costs

Besides the actual hardwood flooring, you’ll need to account for extra materials that will be required during installation. These may include:

  • Underlayment: $0.15 – $0.30 per sq. ft.
  • Adhesive and fasteners: $0.10 – $0.20 per sq. ft.
  • Trim and molding: $1 – $5 per linear ft.

Some homeowners may also need to account for additional work, such as subfloor repair or leveling. These costs are typically quoted on a per-job basis and can vary depending on the severity of the issue.

Price Comparison with Other Flooring Options

When considering hardwood flooring, it’s important to compare its cost with other flooring options. Here’s a brief overview of the price ranges for some popular flooring materials:

Flooring TypePrice Range (per sq. ft.)
Hardwood$3 – $12
Laminate$1 – $5
Carpet$1 – $4
Tile$2 – $8
Vinyl$1 – $5

Note that these prices are for materials only and do not include installation or additional costs, such as underlayment, adhesive, or finishing materials. It’s also worth mentioning that prices can vary depending on factors like material quality, brand, and location.

While hardwood flooring is relatively more expensive compared to laminate, carpet, and vinyl, its durability, appearance, and potential to increase property value make it an attractive investment for many homeowners. On the other hand, options like laminate and vinyl offer lower upfront costs and easier installation, making them suitable for budget-conscious projects or DIY enthusiasts.

Tile flooring, although similarly priced to hardwood, has different maintenance requirements and a distinct aesthetic appeal. Your choice between these flooring options depends on factors like personal preference, climate, and the intended use of the space.

Factors Affecting Return on Investment

When considering hardwood flooring as an investment, there are several factors that can impact the return on investment (ROI). These factors can influence the overall cost, longevity, and perceived value of the flooring.

Some of the key factors affecting ROI include:

  • Wood species: The type of wood used for the flooring will have a significant impact on the cost, durability, and overall appeal. For example, oak is a popular choice due to its sturdiness and affordability, while more exotic species like teak or Brazilian cherry can be more expensive but offer higher potential resale value.
  • Quality of materials: Higher quality hardwoods will not only last longer but are also more resistant to damage and wear, contributing to a higher ROI. Lower quality materials may be more prone to warping, discoloration, or structural issues.
  • Installation method: The method used to install the flooring, as well as the skill and expertise of the installer, can affect the long-term performance and value of hardwood floors. Professional installation is recommended for the best results.
  • Maintenance and upkeep: Properly maintained hardwood floors can last for decades, while poorly maintained floors may require costly repairs or early replacement. Regular cleaning, use of appropriate cleaners, and refinishing when necessary can help maintain the value of hardwood flooring.
  • Geographical location: Different climates and regions may have varying effects on hardwood flooring. In regions with high humidity or rapid temperature fluctuations, certain types of hardwoods may fare better than others, affecting their potential ROI.

It’s essential to consider these factors when choosing hardwood flooring and calculating the expected return on investment for your home or property.

Ways to Save on Hardwood Flooring Costs

When planning a hardwood flooring project, it’s important to consider ways to reduce costs without compromising quality. Here are some tips to save on your investment:

  • Choose affordable wood species: The species of wood you select has a direct impact on overall flooring costs. Woods like oak, maple, and birch are commonly more affordable than exotic options.
  • Consider engineered wood: Engineered hardwood is typically less expensive than solid hardwood while still offering a similar appearance and durability.
  • Shop around: Compare prices from different suppliers and retailers to get the best deal possible. Don’t forget to factor in shipping costs and taxes.

Another effective way to save on costs is by opting for discounts or taking advantage of promotions:

Discount TypePotential Savings
Volume discounts5-10% off per square foot
Holiday salesUp to 25% off select products
Closeout dealsCan save up to 50% on discontinued products

Lastly, consider DIY installation if you have the skills and tools required. This can save you a significant amount on professional labor costs. However, make sure to do thorough research and consult with experts if necessary, as improper installation can lead to costly repairs in the long run.

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