Inn Market Snapshot


As of Dec 14, 2017

This snapshot is designed to help innkeepers and aspiring innkeepers understand the inn for sale marketplace in broad terms. It is based on all available data from innshopper.com - data entered directly from inn owners and brokers.

PROPERTY METRICS
Median building size is 4,893 sqft
Chart - distribution of lot size
Median lot size is 1.70 acres
Chart - distribution of lot size
Median year built is 1905
Chart - distribution of when properties were built
  • Average number of guest rooms is 7.70
  • Average number of guest bathrooms is 7.24
  • 72% have a private bathroom for each guestroom
  • 95% have owner's quarters
PRICING
Inn for sale price distribution:
Chart - distribution of inns by price
  • Average price is $1,055,147
  • Median price is $805,000
  • Average price per square foot is $181
The 5 most expensive states (on average)
  1. DE - 1 listing at $2.8M
  2. HI - 5 listings. Avg of $2.5M (from $554K to $4.6M)
  3. DC - 1 listing at $2.5M
  4. VI - 1 listing at $1.9M
  5. RI - 6 listings. Avg of $1.7M (from $969K to $2.4M)
The 5 least expensive states (on average)
  1. NE - 3 listings. Avg of $131K (from $0K to $225K)
  2. ND - 1 listing at $325K
  3. IN - 13 listings. Avg of $427K (from $139K to $975K)
  4. WV - 4 listings. Avg of $511K (from $95K to $750K)
  5. WY - 1 listing at $529K
DATA COVERAGE
949 properties for sale, covering:
  • 54 states
  • 764 cities
  • 760 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings