Bassett, IA
Population 58 · Iowa
About Bassett, IA
Bassett is a small community located in Iowa with a population of 58 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,438 per year, which is 20% below the national median of $75,149. The median age of 69.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Bassett features a median home value of $82,300, which is 66% below the national median of $244,900. This makes Bassett one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 43 total housing units, 95% are owner-occupied (41 units) and 5% are renter-occupied (2 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bassett shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 27.6%, above the national average of 12.4%. Workers in Bassett have an average one-way commute time of 12.7 minutes, one of the shorter commutes in the region.
Education & Demographics
0.0% of Bassett residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 5.2% of the population being foreign-born.
Cost of Living in Bassett, IA
Compared to national averages, Bassett has a median household income of $60,438 (20% below the national median of $75,149). Home values average $82,300, which is 66% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Iowa, Bassett's income is 11% below the state average of $67,947, and home values are 38% below the state median of $132,237.
Why Live in Bassett, IA?
Bassett offers affordable housing with a median home value of $82,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 12.7 minutes.
Potential considerations include median household income ($60,438) that falls below the national average. However, Bassett’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bassett has a population of 58 with a median age of 69.4 years. Compare Bassett with other cities to see how it stacks up, or explore all cities in Iowa.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Bassett
What is the population of Bassett, IA?
The population of Bassett, IA is 58 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Bassett?
The median household income in Bassett, IA is $60,438 per year, which is 20% below the national median of $75,149.
What is the median home value in Bassett?
The median home value in Bassett, IA is $82,300, which is 66% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bassett?
The median monthly rent in Bassett, IA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Bassett?
The unemployment rate in Bassett, IA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Bassett, IA a good place to live?
Bassett offers a moderate cost of living, affordable housing, and a strong job market. With a population of 58 and a median age of 69.4, the city appeals to established professionals and retirees.
How educated is Bassett, IA?
0.0% of residents in Bassett aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Bassett?
Key cost-of-living indicators for Bassett, IA: median home value is $82,300 (66% below national), median rent is $0/month, and median household income is $60,438. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bassett?
The poverty rate in Bassett, IA is 27.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Bassett, IA?
Bassett's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 5.2% of residents are foreign-born.