Inn Market Snapshot


As of Mar 28, 2023

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 5,156 sqft
Chart - distribution of lot size
Median lot size is 1.31 acres
Chart - distribution of lot size
Median year built is 1915
Chart - distribution of when properties were built
  • Average number of guest rooms is 8.18
  • Average number of guest bathrooms is 7.01
  • 63% have a private bathroom for each guestroom
  • 94% have owner's quarters
PRICING
Inn for sale price distribution:
Chart - distribution of inns by price
  • Average price is $1,553,097
  • Median price is $1,100,000
  • Average price per square foot is $248
The 5 most expensive states (on average)
  1. AK - 3 listings. Avg of $8.6M (from $1.8M to $22.0M)
  2. OR - 9 listings. Avg of $3.6M (from $945K to $12.5M)
  3. RI - 1 listing at $3.5M
  4. NC - 18 listings. Avg of $2.6M (from $0K to $16.0M)
  5. TN - 8 listings. Avg of $2.4M (from $497K to $6.5M)
The 5 least expensive states (on average)
  1. NE - 3 listings. Avg of $320K (from $240K to $395K)
  2. IN - 2 listings. Avg of $487K (from $289K to $685K)
  3. AL - 4 listings. Avg of $488K (from $350K to $735K)
  4. MO - 5 listings. Avg of $570K (from $317K to $1.2M)
  5. NH - 3 listings. Avg of $585K (from $426K to $729K)
DATA COVERAGE
362 properties for sale, covering:
  • 43 states/territories
  • 327 cities
  • 315 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings