With the deepening of China s reform and door opening, the Chinese real estate market has gradually played a significant role in its economic growth. Since “Beijing-Tianjin-Hebei coordinated development policy” was introduced in 2014, Baoding city has taken on the task of receiving industry transfer from Beijing and Tianjin by developing industrial and technical districts. The policy has improved Baoding’s economic development, while it might also affect the house prices in this city. So, what influences industrial and technical districts (driven by industrial transfer) have on housing prices are important and worth exploring. This study therefore employs transaction data collected from Baoding’s housing market to investigate the effects of multiple factors, such as geographical, construction, and neighborhood characteristics on housing prices using the hedonic method. My empirical results show that the distance to high-speed railway, high-tech industrial development zone and science and technology park affect housing prices significantly in the city.