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CITY

Bassett

Virginia · 1,031 residents · 3.455 sq mi
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The short version

Bassett has notably lower household income than the US average, with a median household income of $45,563. Population has fallen 23% since 2000, a loss of 307 residents. 18% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has more than tripled since 2000, reaching $242,500. Households here earn about 51% less than the Virginia median.

At a glance
Lower income
below the US median
US median: $82,259
Younger
median age 36.5
US median: 38.9
Less educated
18% hold a bachelor's degree
US average: 36%
Less affordable
home values up 132%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
1,031
−23%since 2000
from 1,338 in 2000
1990 – 2024
Population density
298 / sq mi
−23%since 2000
from 387 / sq mi in 2000
US average: 281
Median age
36.5
−20%since 2000
from 45.5 in 2000
US average: 38.9
Population, 1990 – 2024
7691K1K2K2K1990201020202024Bassett
20241K
1990201020202024
Section 02

Income & economy

Median household income
$45,563
−12%inflation adjusted, since 2000
from $28,359 in 2000
US average: $82,259
1990 – 2024
Per capita income
$29,007
+64%since 2000
from $17,651 in 2000
US average: $44,673
Households earning $100K+
22.0%
+5.3 ptssince 2009
from 16.7% in 2009
US average: 53.3%
Poverty rate
9.4%
−8.3 ptssince 2000
from 17.8% in 2000
US average: 12.5%
Income inequality (Gini)
0.377
−15%since 2010
from 0.444 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade27.3%
US avg: 9.9%
Information16.9%
US avg: 10.8%
Wholesale trade7.9%
US avg: 6.9%
Other services6%
US avg: 6.7%
Public administration6%
US avg: 4.8%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Finance & insurance0%
US avg: 5.9%
Professional, scientific, technical0%
US avg: 5.1%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$242,500
+132%inflation adjusted, since 2000
from $57,500 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$599
−7%inflation adjusted, since 2000
from $354 in 2000
US average: $1,442
Owner-occupied
73.1%
−1.0 ptssince 2000
from 74.2% in 2000
26.9% rent
Vacancy rate
23.7%
−2.7 ptssince 2009
from 26.4% in 2009
US average: 10.0%
Owner cost-burdened
7.4%
−34.5 ptssince 2009
from 41.9% in 2009
US average: 22.9%
Renter cost-burdened
22.3%
−8.8 ptssince 2009
from 31.1% in 2009
US average: 47.4%
Afford Score
5.3
+162%since 2000
from 2.0 in 2000
1990 – 2024
Gentrification Score
66
RELATED:See current rent listings in Bassett on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic69.9%(935)
Black24.1%(323)
Hispanic / Latino4.9%(66)
Asian0.1%(1)
Other0%
Diversity Score55%(736)
2024
White, non-Hispanic45.6%(470)
Black22.9%(236)
Hispanic / Latino29.9%(308)
Asian0%(0)
Other1.6%(17)
Diversity Score81.3%(838)
Diversity Score
81
+48%since 2000
from 55 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
17.6%
+7.5 ptssince 2000
from 10.1% in 2000
US average: 35.6%
High school or higher
82.1%
+35.5 ptssince 2000
from 46.6% in 2000
US average: 89.6%
Graduate degree
2.2%
+0.2 ptssince 2000
from 2.0% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
25.5 min
+95%since 2000
from 13.1 min in 2000
US average: 26.5
Drive alone to work
73.0%
−10.2 ptssince 2009
from 83.2% in 2009
US average: 68.9%
Carpooled to work
15.3%
+5.7 ptssince 2009
from 9.6% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
11.7%
+4.5 ptssince 2009
from 7.3% in 2009
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
12.3%
−6.7 ptssince 2009
from 19.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
2.4%
−26.3 ptssince 2011
from 28.7% in 2011
US average: 5.2%
Labor force participation
48.6%
−4.3 ptssince 2011
from 52.9% in 2011
US average: 63.5%
Self-employed
4.9%
−9.1 ptssince 2009
from 14.0% in 2009
US average: 13.1%
Management & professional
18.6%
−40.0 ptssince 2009
from 58.6% in 2009
US average: 42.5%
Section 08

People & community

Male
53.1%
+4.5 ptssince 2009
from 48.6% in 2009
Female
46.9%
−4.5 ptssince 2009
from 51.4% in 2009
Foreign born
9.9%
+9.9 ptssince 2009
from 0.0% in 2009
US average: 14.1%
Veterans
9.0%
−38.8 ptssince 2009
from 47.8% in 2009
US average: 6.2%
With a disability
27.5%
+3.8 ptssince 2012
from 23.7% in 2012
US average: 13.3%
Uninsured
6.3%
−74.6 ptssince 2013
from 80.9% in 2013
US average: 8.4%
Broadband at home
66.6%
+0.8 ptssince 2017
from 65.8% in 2017
US average: 91.0%
English only at home
67.9%
−25.8 ptssince 2016
from 93.6% in 2016
US average: 77.7%
Spanish at home
29.3%
+22.9 ptssince 2016
from 6.4% in 2016
US average: 13.6%
Drill deeper

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Head to head

Compare Bassett to nearby cities

BASSETT VS
Martinsville
Income$46,727+3%
Home value$98,400−59%
Population13,849+1243%
SEE FULL COMPARISON →
BASSETT VS
Eden
Income$47,260+4%
Home value$120,700−50%
Population15,500+1403%
SEE FULL COMPARISON →
BASSETT VS
Cave Spring
Income$87,539+92%
Home value$325,800+34%
Population25,742+2397%
SEE FULL COMPARISON →
BASSETT VS
Reidsville
Income$42,921−6%
Home value$138,800−43%
Population14,692+1325%
SEE FULL COMPARISON →
Frequently asked

How many people live in Bassett, Virginia?

Bassett, Virginia has about 1,031 residents according to the 2024 American Community Survey.

What is the median household income in Bassett, Virginia?

The typical household in Bassett, Virginia earns about $45,563 a year. Half of households make more than that, and half make less.

Is Bassett, Virginia expensive?

In Bassett, Virginia, the median home is worth about $242,500, and the typical rent is about $599 a month.

How educated are people in Bassett, Virginia?

About 17.6% of adults age 25 and over in Bassett, Virginia hold a bachelor's degree or higher.

What is the poverty rate in Bassett, Virginia?

About 9.4% of people in Bassett, Virginia live below the federal poverty line.

Has Bassett, Virginia grown since 1990?

Yes, Bassett, Virginia has shrunk since 1990. The population has lost about 651 residents, a change of about -39 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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