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In this contribution, the Errors-in-Variables model equipped with Total Least Squares (TLS) estimation is proposed to address these issues. It fully considers random errors in both dependent and independent variables. An iterative algorithm is provided, and posterior accuracy estimates are provided to validate its effectiveness. Monte Carlo simulations demonstrate that TLS provides more accurate solutions than OLS, significantly improving the root mean square error by over 70%. Empirical experiments on datasets from Boston and Wuhan further confirm the superior performance of TLS, which consistently yields a higher coefficient of determination and a lower posterior variance factor, which shows its more substantial explanatory power for the data. Moreover, TLS shows comparable or slightly superior performance in terms of prediction accuracy. These results make it a compelling and practical method to enhance the HPM.<\/jats:p>","DOI":"10.3390\/ijgi13050159","type":"journal-article","created":{"date-parts":[[2024,5,8]],"date-time":"2024-05-08T12:27:11Z","timestamp":1715171231000},"page":"159","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":7,"title":["Total Least Squares Estimation in Hedonic House Price Models"],"prefix":"10.3390","volume":"13","author":[{"given":"Wenxi","family":"Zhan","sequence":"first","affiliation":[{"name":"School of Geodesy and Geomatics, Wuhan University, 129 Luoyu Rd., Wuhan 430079, China"},{"name":"Hubei Luojia Laboratory, Wuhan University, 129 Luoyu Rd., Wuhan 430079, China"}]},{"given":"Yu","family":"Hu","sequence":"additional","affiliation":[{"name":"School of Geodesy and Geomatics, Wuhan University, 129 Luoyu Rd., Wuhan 430079, China"}]},{"given":"Wenxian","family":"Zeng","sequence":"additional","affiliation":[{"name":"School of Geodesy and Geomatics, Wuhan University, 129 Luoyu Rd., Wuhan 430079, China"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-5047-7729","authenticated-orcid":false,"given":"Xing","family":"Fang","sequence":"additional","affiliation":[{"name":"School of Geodesy and Geomatics, Wuhan University, 129 Luoyu Rd., Wuhan 430079, China"}]},{"given":"Xionghua","family":"Kang","sequence":"additional","affiliation":[{"name":"School of Geodesy and Geomatics, Wuhan University, 129 Luoyu Rd., Wuhan 430079, China"}]},{"given":"Dawei","family":"Li","sequence":"additional","affiliation":[{"name":"School of Geodesy and Geomatics, Wuhan University, 129 Luoyu Rd., Wuhan 430079, China"},{"name":"Hubei Luojia Laboratory, Wuhan University, 129 Luoyu Rd., Wuhan 430079, China"}]}],"member":"1968","published-online":{"date-parts":[[2024,5,8]]},"reference":[{"key":"ref_1","unstructured":"Wen, H., Lu, J., and Lin, L. 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