Bulls Bay, Jacksonville, FL—32220
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bulls Bay, Jacksonville, FL
As of Oct '25, the median home price in Bulls Bay, Jacksonville, FL is $283,000, with a year-over-year change of -2.5%. This indicates that home prices in Bulls Bay, Jacksonville, FL are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $283,000 | -2.5% |
| Single Family | $283,000 | -2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $176,000 | -5.4% |
3 Bed | $273,000 | -2.8% |
4 Bed | $322,000 | -2.1% |
| 5 Bed | $358,000 | -1.9% |
% of Housing Stock
Rental Trends — Bulls Bay, Jacksonville, FL
As of July '25, Rentcast reports the average rent in Bulls Bay, Jacksonville, FL is $1,810, with a year-over-year rent change of 5.8%. Per bedroom, the median rent as of July '25 in Bulls Bay, Jacksonville, FL is 1-bedrooms: $928, 2-bedrooms: $1,200, 3-bedrooms: $1,700, 4-bedrooms: $2,080. The most common rental property sizes in Bulls Bay, Jacksonville, FL are 2-bedroom and 3-bedroom, accounting for 34.7% and 33.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,860 | $1,810 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $655 | $928 |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | $1,700 | $1,700 |
| 4 Bed Rent | $2,080 | $2,080 |
% of Rental Stock
Property Listings — Bulls Bay, Jacksonville, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Bulls Bay, Jacksonville, FL is 91. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | 4.0% |
Listing Count | 68 | 30.0% |
| Listings as % of Homes | 1.0% | 30.0% |
Days on Market | 91 | 28.0% |
Demographics — Bulls Bay, Jacksonville, FL
As of the latest ACS Survey released in 2023, Bulls Bay, Jacksonville, FL has a population of 12,600, which has decreased by -4.7% over the past 5 years. Bulls Bay, Jacksonville, FL is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 17.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,600 | -4.7% |
% Under 18 | 20.3% | -19.8% |
% Seniors | 19.3% | 50.8% |
% WFH | 9.8% | 390.0% |
% w/ College Degree | 17.8% | 8.5% |
As of the latest ACS Survey released in 2023, Bulls Bay, Jacksonville, FL is a predominantly white area, with 60.9% of the population identifying as white. The white population has shrunk by 21.9% in the last 5 years. The second most common race or ethnicity in Bulls Bay, Jacksonville, FL is black, making up 19.9% of the population. Foreign-born residents account for 8.0% of the population in Bulls Bay, Jacksonville, FL, and this percentage has increased by 35.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.9% | -21.9% |
% Black | 19.9% | 20.6% |
% Hispanic | 11.3% | 527.8% |
% Asian | 4.7% | 1,466.7% |
% Foreign Born | 8.0% | 35.6% |
Mortgage and Risk — Bulls Bay, Jacksonville, FL
According to HUD data as of 2023, there were 201 mortgage originations in Bulls Bay, Jacksonville, FL, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in Bulls Bay, Jacksonville, FL. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 201 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Bulls Bay, Jacksonville, FL
As of 2024, the percent of homes in Bulls Bay, Jacksonville, FL under the Section 8 program is 0.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Bulls Bay, Jacksonville, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $665 | $655 | $1,320 |
| 2 Bedroom | $370 | $1,200 | $1,570 |
| 3 Bedroom | $260 | $1,700 | $1,960 |
| 4 Bedroom | $410 | $2,080 | $2,490 |
Affordability — Bulls Bay, Jacksonville, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $283,000 |
| Median Household Income | $80,200 |