Inn Market Snapshot


As of Apr 24, 2024

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 5,023 sqft
Chart - distribution of lot size
Median lot size is 1.00 acres
Chart - distribution of lot size
Median year built is 1910
Chart - distribution of when properties were built
  • Average number of guest rooms is 8.39
  • Average number of guest bathrooms is 7.18
  • 62% have a private bathroom for each guestroom
  • 92% have owner's quarters
PRICING
Inn for sale price distribution:
Chart - distribution of inns by price
  • Average price is $1,692,015
  • Median price is $1,100,000
  • Average price per square foot is $255
The 5 most expensive states (on average)
  1. AK - 3 listings. Avg of $7.9M (from $425K to $21.0M)
  2. NJ - 1 listing at $5.0M
  3. MT - 1 listing at $4.8M
  4. DE - 1 listing at $4.0M
  5. RI - 1 listing at $3.5M
The 5 least expensive states (on average)
  1. IN - 1 listing at $289K
  2. NE - 2 listings. Avg of $365K (from $335K to $395K)
  3. KS - 7 listings. Avg of $467K (from $80K to $900K)
  4. WY - 1 listing at $545K
  5. LA - 1 listing at $599K
DATA COVERAGE
334 properties for sale, covering:
  • 49 states/territories
  • 303 cities
  • 282 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings