Inn Market Snapshot


As of Jul 16, 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 5,000 sqft
Chart - distribution of lot size
Median lot size is 1.00 acres
Chart - distribution of lot size
Median year built is 1909
Chart - distribution of when properties were built
  • Average number of guest rooms is 8.17
  • Average number of guest bathrooms is 7.01
  • 62% have a private bathroom for each guestroom
  • 91% have owner's quarters
PRICING
Inn for sale price distribution:
Chart - distribution of inns by price
  • Average price is $1,703,247
  • Median price is $999,999
  • Average price per square foot is $256
The 5 most expensive states (on average)
  1. AK - 4 listings. Avg of $6.9M (from $425K to $21.0M)
  2. NJ - 1 listing at $5.0M
  3. DE - 1 listing at $4.0M
  4. RI - 1 listing at $3.5M
  5. NC - 9 listings. Avg of $3.2M (from $650K to $16.0M)
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 $463K (from $80K to $900K)
  4. VT - 2 listings. Avg of $474K (from $399K to $549K)
  5. WY - 1 listing at $545K
The 5 least expensive listings
  1. The Farmer’s Home - $80K
  2. Lake Homes - $123K
  3. Park Motel - $150K
  4. Oak Valley Inn & suites - $150K
  5. Recess Inn Bed and Breakfast - $240K
DATA COVERAGE
352 properties for sale, covering:
  • 47 states/territories
  • 317 cities
  • 301 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings