Journal of Urban Economics and Management

One of the most considerable issues in large cities is environmental impacts of lagoons on housing price. Thus, this research investigates the impact of Rasht Eynak Lagoon on housing price of the region by using Hedonic-pricing method. The studied area included residential units of Rasht area 2, district 4 near Eynak Lagoon. In terms of purpose, this research is applied, and it is survey in terms of methodology. Statistical population includes all residential units in area4, district 4 in the city of Rasht. 90 of them were selected as simple random sampling method and Cochran formula as sample. Statistical data were collected through filling questionnaire in autumn 2013 and analyzed by OLS method and Eviews 8 software. The results indicated that Eynak Lagoon (environmental factors) had negative impact on the price of residential units in the region. As distance from the lagoon increases, housing price rises. However, the variables of land area, type of housing, type of skeleton, and access to medical centers had positive impact on housing price. Contrarily, the variables of distance from Main Street, distance to city center, and access to park had negative impact on housing price in the studied area. Moreover, the variable of distance from Eynak Lagoon affected the most on dependent variable.