Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 50.5 yrs |
|---|---|
| Avg HH 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 |
|---|---|
| Median Home Value | $113,900 ▼ 59% below avg |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $524/mo |
| Total Housing Units | 6,273 |
| Vacant Units | 1,186 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Bassett is a city in Virginia, located in Henry County. The city spans 1 ZIP code and is home to approximately 11,520 residents. It is a mature city, with a median age of 50.5 years.
Economically, Bassett is a working-class community. The median household income of $41,733 is below the national average. Approximately 14.8% of residents live below the poverty line. The unemployment rate is 2.7%, below the national average.
The real estate market in Bassett is one of the more affordable housing markets in the country. Median home values stand at $113,900, which is well below the national average. Renters typically pay around $524 per month. Homeownership is high at 78.1%, typical of suburban and family-oriented communities.
The population of Bassett is moderately educated. 32.9% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (79.4%).
Bassett, VA offers residents a cost-conscious lifestyle within Virginia.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 24055 | 11,520 | $41,733 | $113,900 | $524 | 2.7% | 32.9% | 78.1% |