Comparison of Simple and Spatial Econometric Methods for Hedonic Valuation of Agricultural Land in Sanandaj

This study aims to determine the most effective estimate of hedonic model for pricing agricultural land in Sanandaj Central Township. The necessary data obtained through completing 124 questionnaires and applying a classified random sampling method. The results showed that the estimation made by spatial econometric method in terms of R square and percentage of significant coefficients was more accurate. Furthermore، the effect of spatial dependent variable on land price was positive and significant. Finally، it is recommended to utilize spatial econometric model for hedonic valuation of agricultural land.