The average cost of vinyl siding is $2 to $7 per square foot, according to DIY Network as of 2015. The average cost of wood siding is $6 to $9 per square foot, and engineered wood siding is $3 to $5 per square foot.
Vinyl siding is virtually maintenance-free and is affordable when compared to other types of siding. However, it may look cheap, as this type of siding often leaves visible seams on the home.
Wood siding is easy to cut and has a lot of natural beauty. However, wood siding is expensive. An alternative option is engineered wood siding, which is usually half the cost of wood. It is also impervious to insect attacks.