How much do home security systems cost? [2024]

The safety and security of your home should be one of your top priorities when you are building or buying a new home, and you should always be looking to update the security measures of your existing home. Before you start, you should figure out what home security products are available, what practicalities you need to consider and how much they are likely to cost you. 

Home security systems come in different shapes, sizes and price points, giving you the flexibility to choose the features you need to secure your home in the best way possible. Advances in technology are also changing the type of home security products on offer, with a shift to wireless devices that can be controlled from your smartphone.

Planning your home security system

Before you take the plunge and invest in a home security system, it is essential that you take the time to research your options and plan your security setup. Some points to consider include:

• How secure your exterior doors, door frames, windows, hinges and locks are
• What exterior lighting you need
• What real (a fence) and perceived (outdoor lighting) barriers you require
• What areas do you want covered by your system
• What devices you want installed

Planning your home security system and understanding what each component is going to cost you will enable you to budget your project and allow your installer to provide an accurate cost estimate.

Typical components of a home security system

There are many components that go into an advanced home security system, especially if you are looking to integrate them into your smartphone or device. A typical home security system includes:

• Control panel
• Home security cameras
• Motion sensors or detectors
• Key fobs
• Door and window sensors
• Lighting
• Security screens and doors
• Locks 

How much do home security systems cost?

So how much is a home security system going to cost you? There are many factors that play into the cost of a home security system, depending on the components you want to include as well as your area and the size and kind of home you have. It can also cost more to have the security system professionally installed for you. The following is an estimate on the price ranges of the most common home security components:

Home security camera systems

For an idea of what individual outdoor security products or packages cost, here is a sample of quoted prices for a variety of camera-based systems:

• $100-$200 for a single Wi-Fi camera with HD and night vision, that works on your existing Wi-Fi network.
• $1000-$1500 for supply and install of a 4 camera system (IP66 rated for use outdoors) with an 8 channel 960H 1TB PVR, with remote viewing via smartphone
• $500-$1000 for a wireless security system featuring smart base station, 3 x battery powered, indoor/outdoor night vision HD cameras and free cloud storage
• $1400-$2000 for 4 HD cameras with ‘night vision’, 4 channel HD PVR, with remote viewing via smartphone 

Wireless home security systems

For a modern wireless security system, you’re looking at around $400-700 for a comprehensive setup. This kit includes

• 1x security console (3G compatible)
• 2x wireless motion sensor
• 1x wireless door/window sensor
• 2x keychain remote controls 
• 2x RFID tags (DIY install and expandable) 

Home monitoring

Here is a sample of quoted prices for a home monitoring package, which involves you entering into a contract with a security company:

• $1500-$2000 for a standard wireless alarm system (including installation) of 1 x alarm panel, 1 x LCD wireless keypad, 2 x PIR, 1 x door contact, 1 x 4 button remote, 1 x 3G SIM card and 1 x power supply & backup battery. (This offer is dependent on you entering into an alarm monitoring contract for an initial term of 3 years with the supplier)
• $2500+ for a wireless alarm system, including installation and 24/7 monitoring. (You may also need to sign a contract for a set term with a security company)

Security screens and doors

The cost of security screens depends on a number of factors, specifically quality of construction. Also expect additional costs if your frames or tracks need to be reinforced or replaced. Aluminium screen doors cost in the region of $350 to $500, with custom made models in excess of this. Quality custom made steel doors with stainless steel mesh start in the region of $650, but can cost more than $1000 for some brands.

Don’t forget you need to factor in installation costs for all items that do not specifically list this. The best way of finding out is to get quotes from alarm installers or home security businesses. This will give you a sense of what market rates currently are.