Affordable & Low-Income Housing in Bassett, VA 24055
1 affordable building in 24055 · 12 more within 10 mi
Bassett, VA 24055 has 1 income-restricted building: 1 tax credit and 1 usda rural. 12 more are listed within 10 miles. These lists don't show openings — call to ask about vacancies and waiting lists.
In 24055
Brookshire Apts Va LLC
65 Brookshire Ln, Bassett, VA 24055
64 units · 1–2 BR
- 1 vacant unit reported (Oct 2026) — call to confirm
No buildings in 24055 match this filter.
Nearby
Glen Ridge
675 the Great Rd, Martinsville, VA 24112
5.1 mi away
41 units · 1 BR
- Affordability period may have ended — call to confirm
NORTHVIEW Gardens
755 Stultz Rd, Martinsville, VA 24112
7.5 mi away
100 units · 20 income-restricted · 1–2 BR
Rivermont Apartments
1446 West Fayette St, martinsville, VA 24112
7.8 mi away
100 units · 99 income-restricted · 1–3 BR
Palace Court Apts
905 Palace Ct, Martinsville, VA 24112
8.5 mi away
6 units · 4 income-restricted · 2 BR
- Affordability period may have ended — call to confirm
Pebble Creek Group Home
1525 Church Street Extension, Martinsville, VA 24112
9.3 mi away
6 units · 1 BR · People with disabilities
Spruce Village Apts
1201 Spruce St, Martinsville, VA 24112
10.2 mi away
100 units · 1–2 BR · People with disabilities
Richwood Apartment
30 Richwood Circle, Martinsville, VA 24112
10.6 mi away
44 units · 1–2 BR
- 1 vacant unit reported (Oct 2026) — call to confirm
Glen Ridge Apts Glen Ridge Lic Asoc
60 Theatre St, Martinsville, VA 24112
10.6 mi away
41 units · 1 BR
- 1 vacant unit reported (Oct 2026) — call to confirm
No nearby buildings match this filter.
Rents and income limits in 24055
- Fair market rent, 2 bedrooms
- $940/mo
- Income needed to pay it at 30% of income
- $37,600/yr
- Renters in 24055 paying 30% or more of income on rent
- 60%
Income limits (2026)
Henry County-Martinsville city, VA area · median family income $71,500. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $16,800 | $28,000 | $44,750 |
| 2 | $21,640 | $32,000 | $51,150 |
| 3 | $27,320 | $36,000 | $57,550 |
| 4 | $33,000 | $39,950 | $63,900 |
| 5 | $38,680 | $43,150 | $69,050 |
| 6 | $44,360 | $46,350 | $74,150 |
| 7 | $49,550 | $49,550 | $79,250 |
| 8 | $52,750 | $52,750 | $84,350 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 24055 | Wider area |
|---|---|---|
| Studio | $770 | $762 |
| 1 bedroom | $780 | $767 |
| 2 bedrooms | $940 | $943 |
| 3 bedrooms | $1,190 | $1,144 |
| 4 bedrooms | $1,430 | $1,321 |
Wider area = Henry County-Martinsville city, VA. Two-bedroom fair market rents in 7 nearby ZIPs range from $940 (24078) to $1,040 (24089).
Census figures for 24055 (2020–2024 average): median rent $580. Median household income $45,227. 24% of homes are rented. 60% of renters pay 30% or more of their income on rent, and 34% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 24055's fair market rent.
Estimate your Section 8 rent share for 24055Frequently Asked Questions
Is there Section 8 housing in Bassett, VA 24055?
Yes — this directory lists income-restricted buildings in Bassett, VA 24055, including project-based Section 8 apartments (the subsidy stays with the unit), public housing, tax-credit, and USDA rural rentals. Housing Choice Vouchers are different: you apply with the local housing authority and can use them at a private landlord. Estimate your voucher rent share with the Section 8 calculator.
Do affordable housing buildings in Bassett, VA 24055 have openings?
These lists for Bassett, VA 24055 don't show openings. Call the property (or the housing authority, for public housing) to ask about vacancies and waiting lists.
How do I apply for affordable housing in Bassett, VA 24055?
Use the phone number on each building card in Bassett, VA 24055. Public housing is run by the local housing authority — apply with them, not at the building. USDA rural rentals can also be found through USDA's property search.
What counts as affordable housing in Bassett, VA 24055?
In Bassett, VA 24055, this directory lists income-restricted rentals from HUD tax-credit (LIHTC) records, public housing, HUD-assisted buildings (including project-based Section 8, 202, and 811), and USDA Rural Development.
How many affordable housing buildings are in ZIP 24055?
This directory lists 1 income-restricted building in Bassett, VA 24055. The list does not show vacancies — call each property or the housing authority to ask about openings and waiting lists.
Is there affordable housing near 24055?
Yes — this page also lists 12 income-restricted buildings in ZIP codes near Bassett, VA 24055 (within about 10 miles). Pick a nearby ZIP to see every building there.
People Also Ask
How do I qualify for affordable housing in Bassett, VA 24055?
Most income-restricted buildings in Bassett, VA 24055 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $28,000, and $39,950 for a 4-person household. Public housing can go up to 80% ($44,750 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Bassett, VA 24055?
For many programs in Bassett, VA 24055, the 2026 HUD very low-income (50%) limit is $28,000 a year for 1 person and $39,950 for 4 people. The low-income (80%) limit is $44,750 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How long is the waiting list for Section 8 in Bassett, VA 24055?
There is no single waiting list for Bassett, VA 24055. Public housing, project-based Section 8, and tax-credit buildings each keep their own list. Housing Choice Voucher lists at the housing authority open only sometimes and can stay closed for years. This directory does not show which lists are open — call the number on each card. Some public housing cards show HUD's reported wait in months.
What is the difference between Section 8 and public housing in Bassett, VA 24055?
Public housing is owned by a housing authority — you apply with that agency, not at the building. Project-based Section 8 is a HUD contract on a private building; the subsidy stays with the apartment. A Housing Choice Voucher is different: you apply with the housing authority and can use it at a landlord who takes it. This page lists tax-credit apartments in Bassett, VA 24055. Estimate voucher rent share with the Section 8 calculator.
How much rent do you pay for low-income housing in Bassett, VA 24055?
In public housing and most Section 8 in Bassett, VA 24055, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Bassett, VA 24055 is $940 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Can I use a Section 8 voucher at affordable apartments in Bassett, VA 24055?
A Housing Choice Voucher is not automatically accepted at every building in Bassett, VA 24055. Project-based Section 8 units already have a subsidy on the apartment — you apply there, not with a tenant voucher. For a voucher, apply with the housing authority, then ask each landlord. Estimate your share with the Section 8 calculator.
Is there senior affordable housing in Bassett, VA 24055?
This page may still list buildings in Bassett, VA 24055 that accept seniors without being senior-only. Use the filters and call to ask about age set-asides.
Nearby ZIP codes
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying.
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