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
- $45,227
- Median income
- $125,200
- Median home value
- 13.6%
- Bachelor's or higher
The verdict
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.
ZIP code 24055 is classified by USPS as a standard delivery area and covers roughly 224.9 square miles in Bassett, Henry County, Virginia. The area is home to 13,674 residents, producing a population density of 61 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 24055 against Virginia and the nation.
On the economic side, the median household income for ZIP 24055 sits at $45,227 (47% below the Virginia average), while per-capita income is $29,587. The poverty rate stands at 16.1% and the unemployment rate at 3.8%. On housing, the median home value is $125,200 (63% below the state average) with median rent at $580 per month, and 76.5% of occupied units are owner-occupied, a direct signal of whether 24055 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 13.6% of adults hold a bachelor's degree or higher, the median age is 50.6, and the average commute is 29 minutes. We also surface 7 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Henry County, so you can benchmark 24055 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 24055
Top 5 sectors by establishment count
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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + 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
$29,587
Per Capita Income
16.1%
Poverty Rate
3.8%
Unemployment Rate
29.4 min
Mean Commute Time
How ZIP 24055 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$45,227 9th percentile higher than 9% of 30,318 US ZIPs
Each bar is a $20K-wide band; taller bars hold more US 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?
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
$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.
More ZIP Codes in Henry County
Related Areas
Frequently Asked Questions
What county is ZIP code 24055 in? ▼
What is the population of ZIP code 24055? ▼
What is the median household income in ZIP 24055? ▼
What is the average home value in ZIP 24055? ▼
What is the demographic makeup of ZIP 24055? ▼
How many businesses are in ZIP code 24055? ▼
What are the main industries in ZIP code 24055? ▼
How have home values changed in ZIP code 24055? ▼
What is the education level in ZIP code 24055? ▼
What is the average commute time in ZIP 24055? ▼
What percentage of residents own vs. rent in ZIP 24055? ▼
What is the poverty rate in ZIP code 24055? ▼
ZIP Code Research Guides
Official Data Resources for Bassett, VA
Verify and explore additional data for this area using these official government sources.
Read our methodology to see how this data is sourced, computed, and verified.