Copper prices have surged to record highs in 2025, recently topping $5.60 per pound, and that spike is creating ripple effects across multiple industries, including real estate.
While rising prices reflect global demand for copper’s use in electric vehicles, renewable energy, and construction, they also bring a darker side: a sharp rise in copper theft.
The Connection Between Copper Prices and Theft
When the value of copper climbs, its appeal to thieves increases as well. What used to be a few quick wire snips behind an abandoned property has evolved into organized, large-scale theft. Criminals are targeting air conditioning units, electrical wiring, and even plumbing, stripping valuable copper and leaving behind tens of thousands of dollars in damage.
Vacant or recently vacated homes are especially vulnerable. With fewer eyes on the property and utilities often turned off, it’s easier for thieves to work unnoticed. The problem isn’t limited to older homes or distressed areas. Even occupied rental homes, multifamily properties, and commercial units have seen incidents of copper theft this year.
According to industry data, copper now accounts for the overwhelming majority of reported metal thefts in the U.S. The pattern always follows the same logic: when prices go up, so does crime.
Why This Should Matter to Every Landlord
Copper theft doesn’t just mean replacing a few wires. The collateral damage can be immense. When thieves cut through plumbing or electrical systems, it often results in water leaks, electrical shorts, or even fire risks. An HVAC coil that costs $2,000 to replace might create $20,000 worth of associated damage once you factor in repair labor, downtime, and tenant disruption.
While insurance can help, many policies carry high deductibles or limit coverage on metal theft, leaving owners to pay a large portion of the bill. On top of that, repeated incidents can drive up premiums or result in longer vacancy times as repairs drag on.
This isn’t just a maintenance headache. It’s a financial risk that can undermine your investment returns if left unaddressed.
How Landlords Can Protect Their Properties
The best defense is layered, combining visibility, deterrence, and awareness. Start with the basics.
Make sure your properties, especially vacant ones, are well-lit and checked frequently. Motion-activated lights and security cameras near HVAC units and utility rooms send a clear message that your property is being monitored.
For higher-risk properties, consider adding protective cages or locked barriers around outdoor HVAC units. Replacing exposed copper piping with less valuable materials, such as PEX, can also reduce incentive for theft.
Marking your copper with paint or etching your property’s address on exposed parts can help deter resale and make recovery easier. Many scrap yards now work directly with law enforcement to flag stolen materials, so visible markings matter.
Landlords should also review their insurance policies to ensure that copper theft and vandalism are explicitly covered. Finally, build awareness with your tenants and encourage them to report suspicious activity, especially around maintenance areas or exterior systems.
The Bottom Line
Copper theft is one of those risks that can sneak up quietly until it causes real damage. As prices rise and thieves become more brazen, landlords across Indiana and beyond need to stay proactive. A few preventive measures today can save thousands in repairs and protect your property’s reputation tomorrow.
If you own rental homes, especially those sitting vacant between tenants, now is the time to assess your exposure and strengthen your defenses. The cost of prevention is minimal compared to the cost of damage.
