Inn Market Snapshot


As of Apr 22, 2018

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 4,900 sqft
Chart - distribution of lot size
Median lot size is 1.52 acres
Chart - distribution of lot size
Median year built is 1905
Chart - distribution of when properties were built
  • Average number of guest rooms is 7.91
  • Average number of guest bathrooms is 7.43
  • 74% have a private bathroom for each guestroom
  • 96% have owner's quarters
PRICING
Inn for sale price distribution:
Chart - distribution of inns by price
  • Average price is $1,100,941
  • Median price is $825,000
  • Average price per square foot is $182
The 5 most expensive states (on average)
  1. DE - 1 listing at $2.8M
  2. MT - 2 listings. Avg of $2.7M (from $2.4M to $3.0M)
  3. DC - 1 listing at $2.5M
  4. PR - 3 listings. Avg of $2.0M (from $50K to $4.2M)
  5. VI - 1 listing at $1.9M
The 5 least expensive states (on average)
  1. NE - 2 listings. Avg of $113K (from $0K to $225K)
  2. ND - 1 listing at $325K
  3. IN - 11 listings. Avg of $497K (from $140K to $995K)
  4. IA - 4 listings. Avg of $517K (from $0K to $1.3M)
  5. WY - 1 listing at $529K
DATA COVERAGE
891 properties for sale, covering:
  • 54 states
  • 717 cities
  • 728 owners/agents
States with the most inn listings:
Chart - the states with the most inn listings