Bassett, VA
Population 1,020 · Virginia
About Bassett, VA
Bassett is a small town located in Virginia with a population of 1,020 residents according to the latest US Census Bureau American Community Survey data. The median household income is $41,992 per year, which is 44% below the national median of $75,149. The median age of 36.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Bassett features a median home value of $186,100, which is 24% below the national median of $244,900. This positions Bassett in a moderately priced market relative to the rest of the country. Median monthly rent is $656, 44% below the national average of $1,163/month. Of the 503 total housing units, 73% are owner-occupied (260 units) and 27% are renter-occupied (94 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bassett shows an unemployment rate of 3.7%, which is near the national rate of 3.7%. The poverty rate stands at 7.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Bassett have an average one-way commute time of 24.4 minutes.
Education & Demographics
21.0% 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 24.2% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 5.7% of the population being foreign-born.
How Bassett Ranks in Virginia
Cost of Living in Bassett, VA
Compared to national averages, Bassett has a median household income of $41,992 (44% below the national median of $75,149). Home values average $186,100, which is 24% below the national median. Monthly rent at $656 is 44% below the US average of $1,163. Within Virginia, Bassett's income is 52% below the state average of $87,957, and home values are 43% below the state median of $327,514.
Why Live in Bassett, VA?
Bassett offers affordable housing with a median home value of $186,100, below the US average of $244,900, and rent that’s lower than the national average at $656/month, and a low poverty rate of 7.3%, better than the national average. Additionally, the city features short commute times averaging just 24.4 minutes.
Potential considerations include median household income ($41,992) 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 1,020 with a median age of 36.8 years. Compare Bassett with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Bassett
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Passapatanzy | 1,015 | $114,792 | $337,300 | Compare |
| Atkins | 1,026 | $46,432 | $77,700 | Compare |
| Belmont Estates | 1,037 | $95,900 | $398,000 | Compare |
| Riner | 1,037 | $87,230 | $353,000 | Compare |
| Cluster Springs | 1,038 | $64,250 | $147,000 | Compare |
| Adwolf | 1,001 | $42,639 | $135,500 | Compare |
| Blairs | 1,001 | $47,262 | $162,900 | Compare |
| Accomac | 999 | $43,211 | $240,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Bassett With Other Cities
Frequently Asked Questions about Bassett
What is the population of Bassett, VA?
The population of Bassett, VA is 1,020 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Virginia.
What is the median household income in Bassett?
The median household income in Bassett, VA is $41,992 per year, which is 44% below the national median of $75,149.
What is the median home value in Bassett?
The median home value in Bassett, VA is $186,100, which is 24% 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, VA is $656, which is 44% below the national average of $1,163/month.
What is the unemployment rate in Bassett?
The unemployment rate in Bassett, VA is 3.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Bassett, VA a good place to live?
Bassett offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,020 and a median age of 36.8, the city appeals to a broad range of residents.
How educated is Bassett, VA?
21.0% 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, VA: median home value is $186,100 (24% below national), median rent is $656/month, and median household income is $41,992. The home-value-to-income ratio is 4.4x, a moderate figure by national standards.
What is the poverty rate in Bassett?
The poverty rate in Bassett, VA is 7.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Bassett, VA?
Bassett's population is 24.2% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 19.3% two or more races. 5.7% of residents are foreign-born.