Bassett, Virginia Demographics & Population 2026
During the 2020–2024 ACS period, Bassett, Virginia had a total population of 1,031, the 378th largest community in Virginia, with a median household income of $45,563, which is 51% lower than the state average. The poverty rate is 9.4%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 51% below the state average, indicating significant economic challenges.
- Near full employment with an unemployment rate of just 2.4%.
Bassett Quick Facts
How Bassett Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,020 | 1,031 | +1.1% |
| Median household income | $41,992 | $45,563 | +8.5% |
| Median home value | $186,100 | $242,500 | +30.3% |
How Bassett Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Bassett Rankings in Virginia
Explore Virginia Rankings
Other Cities in Henry County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Collinsville | 7,139 | $52,158 | 16.3% | $146,700 |
| Horse Pasture | 2,236 | $54,216 | 22.7% | $123,600 |
| Chatmoss | 1,563 | $73,643 | 5.8% | $224,900 |
| Stanleytown | 1,386 | $40,000 | 9.7% | $143,900 |
| Ridgeway | 1,051 | $76,875 | 6.2% | $164,300 |
| Fieldale | 783 | $45,114 | 2.4% | $93,300 |
| Villa Heights | 601 | $25,797 | 20.1% | $121,900 |
| Oak Level | 563 | $31,000 | 32.0% | $104,600 |
| Laurel Park | 553 | $41,700 | 5.1% | $145,800 |
| Sandy Level | 407 | $43,468 | 3.7% | $110,900 |
Cities Similar to Bassett
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Adwolf | 1,046 | $44,464 | $143,500 | 14.9% | 15.0% |
| Blairs | 1,062 | $49,818 | $158,700 | 17.2% | 8.8% |
| Atkins | 985 | $48,500 | $86,200 | 13.1% | 8.2% |
| Plum Creek | 1,068 | $41,603 | N/A | 6.2% | 15.8% |
| Accomac | 948 | $45,986 | $251,500 | 11.9% | 9.6% |
Population Overview
Bassett is a small community located in Virginia, within Henry County. The total population is 1,031. It ranks as the 378th most populous out of 681 Census-designated places in Virginia.
Age Demographics
The median age in Bassett is 36.5 years. This is 6% lower than the state median of 39.0 years. 14.1% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Bassett is $45,563. This is 51% lower than the state median of $93,170. It is also 44% lower than the national median of $80,734. The poverty rate stands at 9.4%. This is 5% lower than the state poverty rate of 9.9%. The unemployment rate is 2.4%. This is 44% lower than the state rate of 4.3%. The median home value is $242,500. Housing costs are 37% lower than the state median of $383,700. The home-value-to-income ratio is 5.3x. 73.1% of occupied housing units are owner-occupied. This homeownership rate is 9% higher than the state average of 67.3%.
Race & Ethnicity
The largest racial or ethnic group in Bassett is White (non-Hispanic), making up 45.6% of the population. Hispanic or Latino residents account for 29.9%. The Hispanic or Latino population is significantly higher than the state average (29.9% vs 11.0%).
Education
17.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 58% lower than the state rate of 42.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 82.1%.
Data Sources & Methodology
All demographic data for Bassett, Virginia is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Virginia state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 681 Census-designated places in Virginia. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Bassett, Virginia?
Bassett, Virginia has a population of 1,031 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Bassett, VA?
The median household income in Bassett is $45,563, which is 44% lower than the national median of $80,734.
What is the poverty rate in Bassett, VA?
The poverty rate in Bassett is 9.4%. This means approximately 92 residents live below the federal poverty line.
What is the racial makeup of Bassett, Virginia?
Bassett's population is 45.6% White, 22.9% Black, 29.9% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Bassett, VA?
The median home value in Bassett is $242,500. The home-value-to-income ratio is 5.3x.
How educated is Bassett, Virginia?
17.6% of adults (25+) in Bassett hold a bachelor's degree or higher, and 2.2% hold a graduate or professional degree.