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  5. /Bulls Bay, Jacksonville, FL - 32220

Bulls Bay, Jacksonville, FL—32220

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$288,000
0.9% YoY Growth
Household Income
$80,200
47.9% YoY Growth
Days on Market
51
12.0% Shorter YoY
Home Price Forecast
-0.1%
Median Rent
$1,860
5.8% YoY Growth
1-Bed Rent
$655
N/A
2-Bed Rent
$1,200
18.9% YoY Growth
3-Bed Rent
$1,700
4.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Bulls Bay, Jacksonville, FL

As of May '26, the median home price in Bulls Bay, Jacksonville, FL is $288,000, with a year-over-year change of -0.9%. This indicates that home prices in Bulls Bay, Jacksonville, FL are flat. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$288,000-0.9%
Single Family $288,000-0.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$182,000-0.5%
    3 Bed
    		$277,000-0.7%
    4 Bed
    		$326,000-1.2%
    5 Bed $370,6260.1%
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    % of Housing Stock

    Studio
    1.2%
    1 Bedroom
    2.1%
    2 Bedrooms
    18.3%
    3 Bedrooms
    61.7%
    4 Bedrooms
    15.0%
    5+ Bedrooms
    1.7%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,860$1,810
    Studio Rent N/AN/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
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    % of Rental Stock

    Studio
    7.3%
    2 Bedrooms
    34.7%
    3 Bedrooms
    33.5%
    4 Bedrooms
    24.5%

    Property Listings — Bulls Bay, Jacksonville, FL

    As of May '26, Realtor.com reports that the median days on market for a home in Bulls Bay, Jacksonville, FL is 51. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$320,0001.0%
    Listing Count
    		61-19.0%
    Listings as % of Homes1.0%-19.0%
    Days on Market
    		51-12.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.8
    Median Home Price$288,000
    Median Household Income$80,200

    Bulls Bay, Jacksonville, FL — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions