What is the population of Bassett CDP?

Bassett CDP has 1,020 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #385 of 688 in Virginia.

What is the median household income in Bassett CDP?

Median household income in Bassett CDP is $41,992 a year, 46.5% below the national figure of $78,538.

How much does it cost to rent or buy in Bassett CDP?

Median gross rent is $656 a month and the median home value is $186,100, so rent absorbs about 18.7% of median household income.

Is Bassett CDP affordable compared with the rest of the US?

Homes cost about 4.4× the local median income here versus roughly 3.9× nationally, so Bassett CDP is less affordable to buy in than the typical US market, and rent takes 18.7% of median income against the 30% cost-burden line.

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Virginia · Census place 04872

Bassett, VA population, income and ZIP codes

Quick answer

The population of the city of Bassett, Virginia (Bassett, VA — Census place “Bassett CDP”) is 1,020 residents, ranking #385 of 688 places in Virginia. Median household income is $41,992, the median home is worth $186,100 and median gross rent runs $656 a month. Looking for the Bassett Virginia ZIP code list? 1 ZIP codes serve Bassett, VA: 24055.

Population: 1,020Bassett CDP residents
Median household income: $41,992Past 12 months, inflation adjusted
Median home value: $186,100Owner-occupied units
Median gross rent: $656Rent plus utilities, monthly
Median age: 36.8 yrsAll residents
Homeownership rate: 73.4%Owner-occupied households

Bassett ZIP codes (Virginia)

Census ZCTAs whose delivery area overlaps Bassett.

The Bassett VA ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

24055

What the numbers mean in Bassett CDP

Housing cost measured against local earnings.

A household earning the Bassett CDP median would spend about 18.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.3% of residents and 73.4% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Bassett CDP, VA in context

How this area compares with national benchmarks.

Bassett CDP is a small town in Virginia, with 1,020 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #385 of 688 ranked by population — larger than 44% of them. The median age here is 36.8 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Bassett CDP earn a median of $41,992 a year, 46.5% below the national figure of $78,538 and 49% below the $82,986 median for the 383 Virginia cities we cover. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 7.3% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Bassett CDP is valued at $186,100, 38.7% below the national figure and 36% below the $291,300 peer median, while median gross rent runs $656 a month, 53.3% below the national figure, or roughly $7,872 across a full year. A household on the local median income would put about 18.7% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 4.4×, against roughly 3.9× nationally, so buying is harder here than in the average US market. 73.4% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Virginia.

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Frequently asked questions

Common questions about this area.

What is the population of Bassett CDP?: Bassett CDP has 1,020 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #385 of 688 in Virginia.
What is the median household income in Bassett CDP?: Median household income in Bassett CDP is $41,992 a year, 46.5% below the national figure of $78,538.
How much does it cost to rent or buy in Bassett CDP?: Median gross rent is $656 a month and the median home value is $186,100, so rent absorbs about 18.7% of median household income.
Is Bassett CDP affordable compared with the rest of the US?: Homes cost about 4.4× the local median income here versus roughly 3.9× nationally, so Bassett CDP is less affordable to buy in than the typical US market, and rent takes 18.7% of median income against the 30% cost-burden line.
How current is this Bassett CDP data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.