The 1-Bedroom FMR for Scott County, KS is computed as a function of the ratio of the 2000 1-Bedroom Census Rent to the 2000 2-Bedroom Census Rent. This 1-Bedroom Rent Ratio is applied to the Final FY 2008 2-Bedroom FMR to determine the Final FY 2008 1-Bedroom FMR.
For Final FY 2008 2-Bedroom FMRs, the bedroom ratio calculations have not been updated from those used in the Final FY 2007 FMR process. In general, the rents used to calculate the 1-Bedroom ratio is computed from a 2000 Census 1-Bedroom Base Rent that was updated to 2005 using the 1-bedroom 2000-to-2005 update factor derived from the Revised Final FY 2005 1-Bedroom FMR for the old FMR area that contained Scott County, KS.
The table below provides the relevant summary figures for computing the Final FY 2008 1-Bedroom FMR
| Summary Computation of 1-Bedroom FMR for Scott County, KS | ||
|---|---|---|
| 1-Bedroom Rent Ratio | Final FY 2008 2-Bedroom FMR | Final FY 2008 1-Bedroom FMR |
| 0.822 | $558 | $558 x 0.822 = $459 |
For details behind the calculation of the 1-Bedroom rent ratio of 0.822 please click the bedroom-ratio value to be taken to the Final FY 2007 FMR Documentation system.
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Problems or questions? Contact Peter.B.Kahn@hud.gov.