Home Security System Statistics (2023)
Today’s homes are interconnected hubs of convenience and innovation. Technology empowers homeowners to protect and fortify their property – like never before - from potential dangers.
Home security systems, from wireless cameras to video doorbells, use advanced technology to help keep us safe and give us peace of mind.
Part of RubyHome's real estate facts series, we will explore key statistics and topics about home security systems:
- How Many Homes Have Home Security Systems?
- How Effective Are Home Security Systems?
- How Much Do Home Security Systems Cost?
- Most Popular Home Security Companies
Key Home Security System Stats
- 72% of households in the United States have at least one home security device.
- 51 million households have a video surveillance system and 39 million have an alarm system.
- The average cost to install a home security system is $475.
- Most burglars (83%) try to determine if an alarm is present before attempting a burglary.
- 60% of burglars say that they would seek an alternative target if they determine an alarm is on site.
How Many Homes Have Home Security Systems?
According to the 2023 Home Security Market Report by SafeHome, most households (72%) have at least one home security device. Here is a breakdown of the types of devices homeowners prefer to protect their homes:
Although less than half of households have one, video surveillance systems were the most popular home security devices among homeowners.
- Around 51 million households have a video surveillance system.
- 37% of homes have a video doorbell.
- Roughly 32% of households (39 million) have an alarm system.
For more information about other types of smart devices people have in their homes, check out our smart home statistics article.
How Effective Are Home Security Systems?
With nearly 900,000 burglaries in the U.S. occurring every year, it makes one wonder if home security systems can help deter the threat of burglary or a home invasion.
According to a UNC Charlotte research study, most burglars opt to avoid homes where they determine a security system is present.
- 83% of burglars try to determine if an alarm is present before attempting a burglary.
- 60% of burglars say that they will seek an alternative target if they determine an alarm is on site.
- Around 50% of the burglars who discover an alarm is present while attempting a burglary will discontinue their attempt.
A Rutgers University study also found a strong link between the acquisition of alarm systems and a decrease in property crime. In essence, there’s solid data to support that home security systems work.
Psychological Impact
In addition to reducing crime, home security systems also make residents feel safer. Here are some interesting insights from a U.S. News & World Report survey:
- 96% of people feel safer when their neighborhood has home security cameras
- 90% of people believe having security cameras deters criminals
- 77% of people worry about package thieves and like to be able to monitor deliveries
How Much Do Home Security Systems Cost?
Home security systems cost $475 to install on average. Of course, costs can vary depending on the extent and type of the system. Estimates range from $200 to get started on the low end, and $1,200 on the high end.
Equipment Costs
A basic whole-house starter kit will typically cost about $460, with a control panel costing $130. The following table shows some of the average costs for popular security equipment, but keep in mind, most people don’t buy just one camera or sensor. Individual needs will vary based on preferences and the size of the home. The prices listed below are for single units:
| Equipment | Average Cost |
|---|---|
| Video doorbell | $170 |
| Smart lock | $150 |
| Security camera | $130 |
| Glass break sensor | $110 |
| Smart smoke alarm | $80 |
| Motion detector | $80 |
| Panic Button | $30 |
Cost by Security Company
Many companies have a start-up costs for equipment and installation, then an ongoing monthly fee for monitoring and other services. Here’s a breakdown of what you can expect to pay with popular home security companies:
| Company | Base Cost | Monthly Fee |
|---|---|---|
| Wyze | $100 | $10 |
| Ring | $200 | $10 |
| Cove | $250 | $20 |
| Abode | $280 | $20 |
| ADT Self Startup | $190 | $30 |
| ADT | $300 | $30 |
| Simplisafe | $250 | $30 |
| Vivint | $600 | $30 |
| Frontpoint | $270 | $50 |
Most Popular Home Security Companies
The global home security systems market was estimated to be $56.9 billion in 2022. North America accounted for $10.2 billion of this market. Here are some of the most popular home security companies in the U.S.
ADT: ($5.68 billion market cap as of Aug. 2023)
ADT is one of the oldest and most well-known home security companies. They offer a range of security solutions, including security systems, monitoring services, and home automation.
Ring: ($3.69 billion market cap as of Aug. 2023)
Ring is famous for its video doorbells and home security cameras, offering homeowners the ability to monitor their property remotely.
Brinks Home Security: ($3.46 billion market cap as of Aug. 2023)
Brinks provides home security and alarm monitoring services with various plans to fit different needs. The Brink’s Company also focuses on secure transportation, cash management, and ATM monitoring.
SimpliSafe: ($2.6 billion valuation as of May 2022)
SimpliSafe is known for its DIY home security systems that are easy to install and offer customizable packages with professional monitoring options.
Vivint: ($2.58 billion market cap as of Aug. 2023)
Vivint is a leading provider of smart home security systems, offering integrated solutions that include security cameras, smart locks, and energy consumption management.
Guardian Protection: (Valuation unknown, $180 million in revenue per year)
Guardian Protection is a home security company that offers professional monitoring and various smart home devices.
Frontpoint: (Valuation unknown, $71 million in revenue per year)
Frontpoint provides DIY home security systems with cellular monitoring and a user-friendly interface.
Nest Secure: (Owned by Google)
Nest, a subsidiary of Google, offers a range of smart home products, including home security systems with intelligent features.
Xfinity Home: (Owned by Comcast)
Comcast's Xfinity Home offers home security systems, automation features, and 24/7 monitoring.
Conclusion
There is clear evidence that home security systems deter burglars and criminals.
While most households (72%) have at least one home security device, less than half have a video surveillance system and only 32% have an alarm system.
The cost to get started with a home security system can range from $200 on the low end to $1200 on the high end but the average is $475.
With real results and improved peace of mind, for most American households, having a home security system seems worth it.
Sources
Federal Bureau of Investigation (FBI)
University of North Carolina at Charlotte
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