After the nightmare of hail storms hits 3x the last 11 years, I am finally rid of vinyl siding on my house. After seeing how many holes quarter sized hail created in the siding, I replaced all of mine with cement board as all the other houses in the neighborhood that had cement board did not suffer siding damage even with 2" diameter hail. Cement board has it's pros and cons, but I will never have a house with vinyl again. house is also a lot quieter and more airtight as somehow the builder managed to get away without putting up tyvek barrier sheeting even though it was required code at the time of construction in 1998. Insurance company loves me as they have paid out over 211K in repairs on 3 hailstorm claims

Your estimate for 1 story 1200 ft house seems pretty high, total siding for me was roughly 27K installed on a very tall one story 1900 sq ft house with 12/4 pitch roof, but that was pre covid. House looks way better with the James hardy siding than the vinyl