| ZIP Code | 24055 |
|---|---|
| City | Bassett |
| State | Virginia (VA) |
| County | Henry County |
| Area Code | 276 |
| Elevation | 801 ft |
| Latitude | 36.762073 |
|---|---|
| Longitude | -80.000609 |
| Timezone | New York (DST) |
| FIPS | 51089 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 50.5 yrs ↑ 9% since 2019 |
|---|---|
| Avg Household Size | 2.23 |
| Below Poverty | 14.8% ▲ 48% above avg |
| College Grads | 32.9% ▼ 15% below avg |
| Unemployment | 2.7% ▼ 45% below avg |
| No HS Diploma | 147 (2.1%) |
| HS Graduate | 2,167 (30.2%) |
| Some College | 1,443 (20.1%) |
| Associates | 1,055 (14.7%) |
| Bachelors | 1,112 (15.5%) |
| Graduate Degree | 1,243 (17.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $41,733 ▼ 45% below avg ↑ 13% since 2019 |
|---|---|
| Median Home Value | $113,900 ▼ 59% below avg ↑ 28% since 2019 |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $524/mo ↓ 2% since 2019 |
| Total Units | 6,273 |
| Vacant Units | 1,186 |
| Avg HH Size | 2.23 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 6,273 |
|---|---|
| Vacant | 1,186 |
| Owner Occupied | 78.1% |
| Renter Occupied | 21.9% |
| Avg HH Size | 2.23 |
ZIP code 24055 is located in Bassett, Virginia, within Henry County. With a population of 11,520, this is a lightly populated ZIP code with a mature community — the median age is 50.5 years. Economically, 24055 is a working-class ZIP code: the median household income of $41,733 is below the national average.
Real estate in ZIP code 24055 represents one of the more affordable housing markets in the country. The median home value of $113,900 is well below the national average. Renters can expect to pay around $524 per month in median rent. Homeownership is strong here — 78.1% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 28% since 2019.
The population of 24055 is primarily White (79.40%). Residents are moderately educated — 32.9% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 14.8%. Household income has grown by 13% since 2019.
The unemployment rate in 24055 stands at 2.7%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 73%.
Overall, ZIP code 24055 in Bassett, VA is characterized as working-class, moderately educated, a mature community, and predominantly owner-occupied. With 11,520 residents, a median household income of $41,733, and a median home value of $113,900, it offers a clear picture of life in this part of Virginia.