Bassett, VA
Full City Profile · Virginia · Martinsville city County
3.5
/5.0
B+
Good
1,020
Population
295/sq mi density
$41,992
Median Income
$23,572 per capita
$186,100
Home Value
$131,176 Zillow
$656
Median Rent
21.7% income on rent
57°F
Avg Temperature
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$41,992 median income, 3.7% unemployment
A
Affordability
4.2 / 5.0
$186,100 home value, $656/mo rent
C+
Education
2.7 / 5.0
21.0% bachelor's degree or higher
Housing Overview
Median Home Value
$186,100
34% below
US avg: $281,900
Median Rent
$656/mo
44% below
US avg: $1,163/mo
Homeownership Rate
73.4%
12% above US avg (65.4%)
Total Housing Units
523
Median year built: 1965
Home Value by Source
Census Median
$186,100
Zillow (ZHVI)
$131,176
Redfin Median Sale
$65,000
Median Sale Price
$65,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
73.4%
Owner-Occupied
26.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,137/mo
1 Bedroom
$1,181/mo
2 Bedroom
$1,369/mo
3 Bedroom
$1,787/mo
4 Bedroom
$2,126/mo
Census median rent:
$656/mo
Market Indicators (Redfin)
Median Sale Price
$65,000
Median Days on Market
2 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
1
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$53
Active Inventory
4
homes for sale
Affordability & Housing Stock
Rent Burden
21.7%
of renters spending 30%+ of income on housing
30% below US avg (31.0%)
Median Year Built
1965
Average age of housing stock: 61 years
Homeownership Rate
73.4%
Complete Housing Data
Home Values
| Census Median Value | $186,100 |
| Zillow Home Value (ZHVI) | $131,176 |
| Redfin Median Sale | $65,000 |
| Median Sale Price | $65,000 |
| Price Per Sq Ft | $53 |
Rent
| Census Median Rent | $656 |
| FMR Studio | $1,137 |
| FMR 1-Bedroom | $1,181 |
| FMR 2-Bedroom | $1,369 |
| FMR 3-Bedroom | $1,787 |
| FMR 4-Bedroom | $2,126 |
Market
| Days on Market | 2 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 25.0% |
| Homes Sold | 1 |
| Active Inventory | 4 |
| Price Per Sq Ft | $53 |
Ownership & Stock
| Owner-Occupied | 73.4% |
| Renter-Occupied | 26.6% |
| Homeownership Rate | 73.4% |
| Total Housing Units | 523 |
| Median Year Built | 1965 |
| Rent Burden | 21.7% |