What HUD offices serve Bassett, Virginia?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near Bassett.
How many renters live in Bassett, Virginia?
The City of Bassett has people living in households.
There are renters living in renter households in this City. Renters make up 32.28 percent of the population living in Bassett.
What is the rental market like in Bassett, Virginia?
There are an estimated housing units in the Bassett area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Bassett, Virginia, there are 1 rental units.
What is the vacancy rate for rentals in Bassett?
The rental vacancy rate in Bassett is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Bassett for each bedroom size?
Occupied Rental Units by Size in Bassett
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 61 | 37 | 0 |
Occupied Rental Units by Size in Bassett
A large number of apartments in Bassett have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Bassett
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $697 to $1,311. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $697 |
| One BR | $701 |
| Two BR | $905 |
| Three BR | $1,100 |
| Four BR | $1,311 |
2024 Fair Market Rents in Bassett, Virginia
How many units are rented at Fair Market Rent (FMR) in Bassett?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Two BR | 61 | 100 percent |
Rental Units Below FMR in Bassett, Virginia
How many affordable rental units are in Bassett?
Income Based Apartments in Bassett, Virginia
Bassett features 64 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Bassett, Virginia
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bassett.
Housing Choice Vouchers in Bassett, Virginia
On average, Section 8 Housing Choice vouchers pay Bassett landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bassett.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bassett, Virginia for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.