Inn Market Snapshot


As of Oct 08, 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 7.78
  • Average number of guest bathrooms is 7.03
  • 63% 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 $1,585,628
  • Median price is $989,900
  • Average price per square foot is $255
The 5 most expensive states (on average)
  1. NJ - 1 listing at $5.0M
  2. RI - 1 listing at $3.5M
  3. NC - 10 listings. Avg of $2.8M (from $615K to $16.0M)
  4. OR - 10 listings. Avg of $2.6M (from $725K to $7.5M)
  5. CO - 3 listings. Avg of $2.3M (from $0K to $5.9M)
The 5 least expensive states (on average)
  1. NE - 2 listings. Avg of $365K (from $335K to $395K)
  2. KS - 7 listings. Avg of $463K (from $80K to $900K)
  3. PR - 2 listings. Avg of $490K (from $350K to $630K)
  4. IN - 2 listings. Avg of $540K (from $289K to $790K)
  5. WY - 1 listing at $545K
DATA COVERAGE
351 properties for sale, covering:
  • 46 states/territories
  • 319 cities
  • 307 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings