Bassett is a census-designated place (CDP) in Henry County, Virginia, United States. The population was 1,338 at the 2000 census. It is part of the Martinsville Micropolitan Statistical Area. The town was founded along a rail line by the same family that later started Bassett Furniture. Bassett Furniture's headquarters have remained in Bassett, Va. , since it began in 1902. A few miles outside of Bassett is Billy's Flea Market, which is home to frequent traditional music and dance shows in the traditions of the Blue Ridge area, as well as an annual Jamboree .