Inn Market Snapshot


As of Nov 30, 2022

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 1.72 acres
Chart - distribution of lot size
Median year built is 1913
Chart - distribution of when properties were built
  • Average number of guest rooms is 7.99
  • Average number of guest bathrooms is 6.81
  • 63% have a private bathroom for each guestroom
  • 93% have owner's quarters
PRICING
Inn for sale price distribution:
Chart - distribution of inns by price
  • Average price is $1,511,916
  • Median price is $1,100,000
  • Average price per square foot is $246
The 5 most expensive states (on average)
  1. AK - 4 listings. Avg of $6.6M (from $498K to $22.0M)
  2. RI - 1 listing at $3.5M
  3. OR - 9 listings. Avg of $3.1M (from $945K to $8.0M)
  4. TN - 7 listings. Avg of $2.7M (from $630K to $6.5M)
  5. CO - 7 listings. Avg of $2.4M (from $599K to $5.9M)
The 5 least expensive states (on average)
  1. NE - 5 listings. Avg of $322K (from $150K to $500K)
  2. AL - 3 listings. Avg of $406K (from $350K to $470K)
  3. IN - 2 listings. Avg of $552K (from $419K to $685K)
  4. LA - 1 listing at $599K
  5. NS - 1 listing at $600K
DATA COVERAGE
360 properties for sale, covering:
  • 46 states/territories
  • 332 cities
  • 315 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings