Bassett, VA · standard
ZIP Code 24055
Henry County, Virginia - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 13,674
- 61/sq mi Moderate-density area
- $45,227
- Median income Below-median income area
- $125,200
- Median home value Below-median home value
- 13.6%
- Bachelor's or higher Below-average bachelor's attainment
National ZIP placement
Bassett pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a rural, homeowner-dominated area.
- 9th pct
- household income, US ZIPs
- 19th pct
- home value, US ZIPs
- 61
- people per sq mi
- 77%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 24055 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 24055 (Bassett, VA) rose +17.6% from 2023 to 2024. The all-transactions index moved from 155.3 in 2023 to 182.7 in 2024 (2000 = 100).
ZIP code 24055 is a mid-sized community (a standard USPS delivery area) in Bassett, Henry County, Virginia, home to 13,674 residents across 224.9 square miles, a density of 61 people per square mile, in the New York time zone.
ZIP 24055 reports a modest median household income of $45,227 (47% below the average Virginia ZIP), while per-capita income is $29,587. The poverty rate is 16.1%, with unemployment at 3.8%; those measures add context to the income figure. Home values sit below the statewide ZIP benchmark: the median is $125,200 (63% below the average Virginia ZIP), and median rent is $580; owner occupancy is 76.5%.
Formal educational attainment runs low here: just 13.6% of adults hold a bachelor's degree or higher, the median age is 50.6, and the average commute is 29 minutes. The page also surfaces 7 ZIP codes within roughly 10 miles and 6 more in Henry County, so 24055 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 24055
Top 5 sectors by establishment count in Bassett, VA
Which industries have the most business establishments in ZIP 24055.
- Retail trade
Retail trade
33 establishments
- Other services (except public administration)
Other services (except public administration)
23 establishments
- Construction 11
Construction
11 establishments
- Administrative and support and waste management and remediation services 10
Administrative and support and waste management and remediation services
10 establishments
- Accommodation and food services 8
Accommodation and food services
8 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 24055, Bassett, VA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
13,674
Population
224.9
Area (sq mi)
61
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 24055?
50.6
Median Age
48.5%
Male
51.5%
Female
2.4%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$45,227
Median Household Income
-47% vs state ZIP avg
$29,587
Per Capita Income
16.1%
Poverty Rate
3.8%
Unemployment Rate
29.4 min
Mean Commute Time
How ZIP 24055 ranks among Virginia ZIPs
Bassett, VA household income vs. every Virginia ZIP code
Median household income among 804 reporting Virginia ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$45,227 9th percentile higher than 9% of 804 Virginia ZIPs
Each bar is a $20K-wide band; taller bars hold more Virginia ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
6,356housing units
6,356
Total Housing Units
5,354
Occupied Units
1,002
Vacant Units
2.18
Avg Household Size
Occupancy Type
$125,200
Median Home Value
-63% vs state ZIP avg
$580
Median Rent
1974
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+17.6%
YoY Change (2024)
183
HPI Index (2000 = 100)
+83%
Total Change Since 2000
Home values in ZIP 24055 have increased 17.6% over the past year (2024). Since 2000, this ZIP has seen +83% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +4.3% | 126 |
| 2021 | +9.2% | 138 |
| 2022 | +2.6% | 141 |
| 2023 | +9.8% | 155 |
| 2024 | +17.6% | 183 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 123 business establishments in ZIP 24055, employing approximately 1,101 people with a combined annual payroll of $41,283,000.
123
Businesses
1,101
Employees
$41.3M
Annual Payroll
10
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 33 | 26.8% |
| Other services (except public administration) | 23 | 18.7% |
| Construction | 11 | 8.9% |
| Administrative and support and waste management and remediation services | 10 | 8.1% |
| Accommodation and food services | 8 | 6.5% |
| Manufacturing | 7 | 5.7% |
| Health care and social assistance | 7 | 5.7% |
| Professional, scientific, and technical services | 6 | 4.9% |
| Wholesale trade | 5 | 4.1% |
| Finance and insurance | 5 | 4.1% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 24055 vs 24089 →
ZIP 24055 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 24055
Bassett (24055)
13,674 residents
- 24078
Collinsville (24078)
7,115 residents
- 24088 5,408
Ferrum (24088)
5,408 residents
- 24089 2,640
Fieldale (24089)
2,640 residents
- 24133 2,626
Patrick Springs (24133)
2,626 residents
- 24102 1,697
Henry (24102)
1,697 residents
- 24082 419
Critz (24082)
419 residents
- 24168 187
Stanleytown (24168)
187 residents
What this shows Among its immediate neighbors, ZIP 24055 ranks the most populous - useful context the national average alone can't give.
ZIP 24055 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 24168
Stanleytown (24168)
$78,229 median income
- 24102
Henry (24102)
$76,250 median income
- 24133
Patrick Springs (24133)
$61,964 median income
- 24082
Critz (24082)
$56,319 median income
- 24078
Collinsville (24078)
$53,665 median income
- 24089
Fieldale (24089)
$51,458 median income
- 24055
Bassett (24055)
$45,227 median income
- 24088
Ferrum (24088)
$41,769 median income
What this shows By household income, ZIP 24055 ranks #7 of 8 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 24055, both outside VA so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (13,674 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Henry County
Related Areas
Frequently Asked Questions
What county is ZIP code 24055 in?
ZIP code 24055 (Bassett) is located in Henry County, Virginia. Henry County contains multiple ZIP codes, see the full list at /counties/henry-va.
What is the population of ZIP code 24055?
ZIP code 24055 in Bassett, VA has a population of 13,674 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 24055?
The median household income in ZIP 24055 is $45,227, which is 41% below the national average of $76,288.
What is the average home value in ZIP 24055?
The median home value in ZIP 24055 is $125,200, which is 55% below the national average of $278,155.
What is the demographic makeup of ZIP 24055?
The largest racial group in ZIP 24055 is White at 79.4%. Hispanic or Latino residents make up 7.4% of the population.
How many businesses are in ZIP code 24055?
ZIP code 24055 has 123 business establishments employing approximately 1,101 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 24055?
The top industries by establishment count in ZIP 24055 are: Retail trade (33), Other services (except public administration) (23), Construction (11). There are 10 industry sectors represented in total.
How have home values changed in ZIP code 24055?
According to the FHFA House Price Index, home values in ZIP 24055 increased by 17.6% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 83%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 24055?
In ZIP code 24055, 47.3% of residents aged 25+ have a high school diploma or higher, and 13.6% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 24055?
The mean commute time for workers in ZIP code 24055 is 29.4 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 24055?
In ZIP code 24055, approximately 76.5% of occupied housing units are owner-occupied and 23.5% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 24055?
The poverty rate in ZIP code 24055 is 16.1% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 24055's numbers, next.
- See how ZIP 24055 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Bassett, VA ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.