About This Property
Banyan Bay is a 336-unit affordable housing community in Jacksonville, Florida, that includes 68 low-income units serving families. The property features a mix of one- to four-bedroom units: 108 one-bedroom, 132 two-bedroom, 80 three-bedroom, and 16 four-bedroom apartments. Placed in service in 1998, the community is funded through tax-exempt bonds and supported by 4% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Jacksonville Housing Authority
The waiting list for Public Housing five-bedroom units opened on November 13, 2023, and will be accepted until further notice. Preferences are given to working family (CW5) and non-working family (CV5) households with a minimum of 5 persons, where the head, spouse, or co-head is employed at least 20 hours per week, is a full-time student, elderly, or disabled.
All waiting lists are officially closed. Applications are accepted via Rent Café to view status and update contact information.
Waitlist data provided by section8waitlist.org
Updated September 5, 2026
Property Details
Fair Market Rent - Duval County, FL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,240 |
| 1 Bedroom | $1,354 |
| 2 Bedroom | $1,604 |
| 3 Bedroom | $2,027 |
| 4 Bedroom | $2,579 |
Income Limits - Duval County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,750
- Very Low (50%)
- $26,200
- Low (80%)
- $41,900
- Extremely Low (30%)
- $18,000
- Very Low (50%)
- $29,950
- Low (80%)
- $47,900
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,700
- Low (80%)
- $53,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,400
- Low (80%)
- $59,850
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,400
- Low (80%)
- $64,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,400
- Low (80%)
- $69,450
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,400
- Low (80%)
- $74,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,400
- Low (80%)
- $79,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,750 | $26,200 | $41,900 |
| 2 Persons | $18,000 | $29,950 | $47,900 |
| 3 Persons | $21,960 | $33,700 | $53,900 |
| 4 Persons | $26,500 | $37,400 | $59,850 |
| 5 Persons | $31,040 | $40,400 | $64,650 |
| 6 Persons | $35,580 | $43,400 | $69,450 |
| 7 Persons | $40,120 | $46,400 | $74,250 |
| 8 Persons | $44,660 | $49,400 | $79,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Jacksonville, FL?+
The Fair Market Rent (FMR) for Duval County, FL is: $1240 (Studio), $1354 (1BR), $1604 (2BR), $2027 (3BR), $2579 (4BR). Actual rent at subsidized properties like Banyan Bay is typically 30% of household income or less.
What size apartments are available at Banyan Bay?+
Banyan Bay offers the following unit types: 108 One-Bedroom, 132 Two-Bedroom, 80 Three-Bedroom, 16 Four-Bedroom units, for a total of 336 units.
Who is eligible to live at Banyan Bay?+
Banyan Bay primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Banyan Bay?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Jacksonville, FL?+
Based on Fair Market Rent for Duval County, the estimated price range is: 1-bedroom: $1354, 2-bedroom: $1604, 3-bedroom: $2027. Actual rent at Banyan Bay may be lower for income-eligible households.
What are the income limits for affordable housing in Duval County, FL?+
For a 4-person household in Duval County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,400, Low Income (80% AMI): $59,850. These limits are set by HUD and updated annually.
Who manages Banyan Bay?+
Banyan Bay is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Banyan Bay?+
Banyan Bay is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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