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Luxury Vinyl Plank vs Solid Hardwood: Which Is Better?

Updated July 2026 · Pricing data from Floormath's flooring cost model

Luxury Vinyl Plank vs Solid Hardwood
1,000 sq ft installed: $3,994–$14,289 vs $7,439–$21,439

Short answer: Hardwood is the long-game investment — refinishable for decades and the strongest resale signal. LVP wins every practical category: waterproof, cheaper, pet-proof, DIY-able. Wet rooms and basements: LVP. Main living areas of a forever home: hardwood.

Side-by-side comparison

Luxury Vinyl PlankSolid Hardwood
Installed cost (1,000 sf)$3,994–$14,289$7,439–$21,439
Material price/sf$1.79–$8.99$3.49–$14.99
Typical install labor/sf$2.75$4.25
Lifespan10–25 years50–100 years
Water resistance100% waterproof (rigid core)poor — swells and cups with moisture
Refinishingcannot be refinishedrefinishable 4–10 times
Underfoot feelslightly soft/warm underfootwarm, solid, premium
Resale impactneutral to mildly positivestrongest resale driver of any floor
DIY difficultyvery DIY-friendly (click-lock)difficult; usually pro-installed

Cost difference at real project sizes

ProjectLuxury Vinyl Plank (typical)Solid Hardwood (typical)Difference
144 sq ft$1,345$1,719$374
500 sq ft$4,670$5,970$1,300
1,000 sq ft$9,339$11,939$2,600
2,000 sq ft$18,678$23,878$5,200

When Luxury Vinyl Plank is the right call

100% waterproof (rigid core); slightly soft/warm underfoot; very DIY-friendly (click-lock). It makes the most sense where those traits carry the day — and its 10–25 years lifespan sets your replacement horizon.

When Solid Hardwood is the right call

Poor — swells and cups with moisture; warm, solid, premium; difficult; usually pro-installed. Resale-wise it's strongest resale driver of any floor, with a 50–100 years expected lifespan.

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Frequently asked questions

Which is cheaper, LVP or hardwood?

For a 1,000 sq ft installed project, Luxury Vinyl Plank typically runs $9,339 vs $11,939 for Solid Hardwood at mid-tier — a difference of about $2,600. Budget and premium tiers widen or narrow that gap.

Which lasts longer?

Luxury Vinyl Plank: 10–25 years. Solid Hardwood: 50–100 years. Lifespan per dollar often matters more than sticker price — divide installed cost by expected years to compare honestly.

Which is better for resale?

Luxury Vinyl Plank: neutral to mildly positive. Solid Hardwood: strongest resale driver of any floor.