Estimation of housing demand Function With Using Hedonic Price

Since resdential units are not homogeneous Commodties and diffirence in characteristics such as: Size of the land, squaqre footage of constructed part , kind of materials being used, and neighborhood. lead to dijferentiation of housing units, applidation of regulardemand junction of for Such a commodity Would seem rather absrtact. To make hie demand junction more realistic, in this paper "Hedonic approach is being used. In Order to implement this approach, first it is assumed that price of housimg units are ajfectds by Two general categories ojCharacterisrics namely Phycical and neighgorhood factors.
Using questionnaires, data in the form of cross section has been
collected and the hedinic price funtion, using OLS, has been estimated.
Having obtained the estimated.
Our Findings Show that for the city of Khomeini - Shahar' hoth groups
of Physical and neighborhood factors are affeted by implicit prices of the
ch.atacteristixd being chosen, imcome, average age of the head of
occupants, average education ofthe occupants, and the numher of
residents of the unites