Living in Bassett, Virginia
Cost of living, income, home prices, rent and demographics of Bassett · Census data 2020–2024
Bassett has 1,031 residents with a median age of 36.5. The median household income is $45,563 (51% lower than the Virginia median), the median home value is $242,500, the median rent is $599/month.
Bassett is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Bassett at a glance
- Population
- 1,031
- Median age
- 36.5State: 39
- Median household income
- $45,563State: $93,170
- Median home value
- $242,500State: $383,700
- Median rent
- $599/moState: $1,579
- Homeowners
- 73.1%
- Bachelor's degree or higher
- 17.6%
- Average commute
- 26 min
Is Bassett a good place to live?
Pros: Home values 37% lower than the state median; an average commute of 26 minutes; unemployment of 2.4%; a poverty rate of 9.4%.
Cons: Median household income 51% lower than the Virginia median.
The weather is best in April–May and September–October.
Cost of living in Bassett
Housing is the biggest part of the cost of living. In Bassett the median home value is $242,500, 27% lower than the U.S. median. Renters pay a median of $599 per month, which is 22.5% of household income. Homeowners with a mortgage pay $970 a month in housing costs.
Bassett median household income
The median household income in Bassett is $45,563 and the income per person is $29,007. 9.4% of residents live below the poverty line (Virginia: 9.9%).
Housing in Bassett: homes for sale and rent
- Housing units
- 459
- Owner-occupied
- 73.1%
- Renter-occupied
- 26.9%
- Vacant
- 23.7%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.74
Bassett demographics
- Population
- 1,031
- Median age
- 36.5
- Under 18
- 27.4%
- 65 and older
- 22.4%
- Households
- 350
- Foreign-born
- 9.9%
- Veterans
- 9%Adults 18+
Hispanic or Latino can be of any race. Population history of Bassett ›
Education in Bassett
17.6% of adults 25 and older in Bassett have a bachelor's degree or higher (Virginia: 42.2%), and 2.2% have a graduate or professional degree.
Jobs and commute in Bassett
- Unemployment rate
- 2.4%State: 4.3%
- Average commute
- 26 minState: 27 min
- Work from home
- 11.7%
- Drive alone
- 73%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 66.6%
Bassett vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bassett | 1,031 | $45,563 | $242,500 | $599 |
| Stanleytown | 1,386 | $40,000 | $143,900 | $630 |
| Oak Level | 563 | $31,000 | $104,600 | — |
| Fieldale | 783 | $45,114 | $93,300 | — |
| Collinsville | 7,139 | $52,158 | $146,700 | $746 |
| Villa Heights | 601 | $25,797 | $121,900 | — |
| Martinsville | 13,658 | $46,727 | $98,400 | $808 |
| Horse Pasture | 2,236 | $54,216 | $123,600 | $855 |
| Chatmoss | 1,563 | $73,643 | $224,900 | — |
More for people moving to Bassett
Bassett ZIP code ›Weather and climate ›Living in Bassett: FAQ
What is the median household income in Bassett, VA?
The median household income in Bassett is $45,563, 51% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Bassett?
The median home value in Bassett is $242,500, compared with $383,700 in Virginia.
How much is rent in Bassett?
The median gross rent in Bassett is $599 per month, about 22.5% of household income.
Is Bassett, VA a good place to live?
Pluses: home values 37% lower than the state median; an average commute of 26 minutes; unemployment of 2.4%; a poverty rate of 9.4%. Minuses: median household income 51% lower than the Virginia median.
What is the median age in Bassett?
The median age in Bassett is 36.5 years (Virginia: 39).
How long is the commute in Bassett?
The average commute to work in Bassett is 26 minutes; 11.7% of workers work from home.
What is the unemployment rate in Bassett?
The unemployment rate in Bassett is 2.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bassett?
17.6% of adults in Bassett have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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