St. George town, ME is in Knox County, ME and is assigned the 4-Bedroom FMR for that area. The 4-Bedroom FMR for Knox County, ME is computed as a function of the ratio of the 2000 4-Bedroom Census Rent to the 2000 2-Bedroom Census Rent. This 4-Bedroom Rent Ratio is applied to the Final FY 2008 2-Bedroom FMR to determine the Final FY 2008 4-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 4-Bedroom ratio is computed from a 2000 Census 4-Bedroom Base Rent that was updated to 2005 using the 4-bedroom 2000-to-2005 update factor derived from the Revised Final FY 2005 4-Bedroom FMR for the old FMR area that contained Knox County, ME.
The table below provides the relevant summary figures for computing the Final FY 2008 4-Bedroom FMR
| Summary Computation of 4-Bedroom FMR for Knox County, ME | ||
|---|---|---|
| 4-Bedroom Rent Ratio | Final FY 2008 2-Bedroom FMR | Final FY 2008 4-Bedroom FMR |
| 1.562 | $729 | $729 x 1.562 = $1,139 |
For details behind the calculation of the 4-Bedroom rent ratio of 1.562 please click the bedroom-ratio value to be taken to the Final FY 2007 FMR Documentation system.
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