Each material has a reason to exist. The "best" one depends on your priorities — not on what's most expensive.
Best valueCedar. Beautiful, holds up to 25 years, costs less than half of PVC.
Lowest maintenancePVC. Wash with a hose. No stain, no sand, no swelling.
Highest resaleComposite or PVC with hidden fasteners and glass railings.
Tightest budgetPT for the substructure, cedar on the top boards. Looks like cedar, costs less.
Family with kidsComposite. Slip-resistant, no splinters, no rot if drinks spill.
Modern minimalistPVC in dark grey + cable rail. Architectural, clean, lasts forever.