How much will the water heater repair cost? (2024 Update): 95% of the time, the main reason people call about a water heater problem is leakage, which is not repairable and we must replace it. The typical range for water heater replacement is between $1600 to $5500, averaging around $3,550. For the rest of the … Continue reading Water Heater Repair Cost Guide: Don’t Pay Too Much! (2024)