The cheapest flooring options are vinyl sheet flooring, luxury vinyl flooring, laminate flooring, oak flooring seconds, plywood flooring, painted flooring, wallpaper, and carpet tiles.

The more expensive flooring upgrades yield the highest returns and appeal most to homebuyers. And hardwood is the clear winner, followed by engineered hardwood and tile. Carpet and luxury vinyl tiles add comparable value, though vinyl is the cheapest option.

Vinyl is easier to install, and it does not require as much care and maintenance. Vinyl is also more resistant to stains and spills, making it a better option for families with young children or pets. In addition, vinyl is often less expensive than carpet, making it a more budget-friendly option for many homeowners.