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Bedroom Ratio Calculation for St. John Island, VI

  1. Compare the 3 bedroom rent to the 2 bedroom rent.
    3 Bedroom Gross Rent 2 Bedroom Gross Rent Bedroom Ratio
    $876 $1,075 0.815
  2. Compare the 3 bedroom ratio to the national floor and ceiling.
    Preliminary 3 bedroom ratio National Floor National Ceiling Check
    0.815 1.151 1.339 Is 1.151 ≤ 0.815 ≤ 1.339 ?
    FALSE
    Use floor value of 1.151

  3. 3 bedroom ratios recieve a bonus of 8.7%.

    1.151*1.087=1.251

  4. To ensure consistency, the 3 bedroom ratio is compared to 4 ratio.
    Preliminary 3 bedroom ratio 4 bedroom ratio Check
    1.251 1.371 Is 1.251 ≥ 1.371?
    FALSE
    Use bedroom ratio of 1.241