Three Way

Population: 1,965
Median household income: $91,845
Median home value: $231,200

Three Way, a community in Madison County, Tennessee, has 1,965 residents. Its median household income of $91,845 runs above the Madison County figure of $58,189.

From 2019 to 2023, Three Way's population grew 17.2% from 1,676 to 1,965, while its median home value rose 44.9% from $159,600 to $231,200.

Households average 2.33 people. The median gross rent is $1,650.

Demographics

ACS 2019–2023

Population: 1,965
Median age: 54.3 yrs
Median household income: $91,845
Median home value: $231,200
Median gross rent: $1,650
Housing units: 870
Homeownership rate: 92.9%
Bachelor's degree or higher: 39.4%
Unemployment rate: 5.7%

Trends

ACS 5-year · 2019–2023

Population

1,6761,965

Median household income

$72,750$91,845

Median home value

$159,600$231,200

Median gross rent

$1,086$1,650

Year	Population	Median household income	Median home value	Median gross rent
2019	1,676	$72,750	$159,600	$1,086
2020	1,626	$74,943	$164,200	$1,025
2021	1,689	$74,483	$170,300	$1,685
2022	1,755	$84,609	$200,400	$1,588
2023	1,965	$91,845	$231,200	$1,650

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 53.4%

5 to 1712.9%

18 to 245.0%

25 to 349.7%

35 to 4410.5%

45 to 549.4%

55 to 6419.9%

65 to 7417.2%

75 and over12.0%

	Count	Share
Under 5	67	3.4%
5 to 17	254	12.9%
18 to 24	99	5.0%
25 to 34	190	9.7%
35 to 44	206	10.5%
45 to 54	184	9.4%
55 to 64	391	19.9%
65 to 74	338	17.2%
75 and over	236	12.0%

Race & ethnicity

	Count	Share
White (non-Hispanic)	1,321	67.2%
Black or African American	454	23.1%
American Indian & Alaska Native	0	0.0%
Asian	14	0.7%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	64	3.3%
Hispanic or Latino (any race)	112	5.7%

Educational attainment (age 25+)

No high school diploma6.0%

High school graduate26.5%

Some college or associate's28.1%

Bachelor's degree20.6%

Graduate or professional degree18.8%

	Count	Share
No high school diploma	93	6.0%
High school graduate	409	26.5%
Some college or associate's	434	28.1%
Bachelor's degree	319	20.6%
Graduate or professional degree	290	18.8%

Commute to work

Mean travel time to work: 25 min

Drove alone90.4%

Carpooled3.2%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home6.4%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	868	90.4%
Carpooled	31	3.2%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	61	6.4%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	198	22.0%
15 to 29 min	547	60.8%
30 to 44 min	46	5.1%
45 to 59 min	17	1.9%
60+ min	91	10.1%

Households

Average household size: 2.33
Poverty rate: 5.8% (114 of 1,965)

	Count	Share
Family households	586	69.5%
Nonfamily households	257	30.5%

Housing

Median year structure built: 1997

Occupancy

	Count	Share
Occupied	843	96.9%
Vacant	27	3.1%

Tenure (of occupied units)

	Count	Share
Owner-occupied	783	92.9%
Renter-occupied	60	7.1%

1-unit, detached99.1%

1-unit, attached0.3%

2 to 4 units0.0%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other0.6%

Units in structure

	Count	Share
1-unit, detached	862	99.1%
1-unit, attached	3	0.3%
2 to 4 units	0	0.0%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	5	0.6%

Geography

Place GEOID: 4774100
Type (LSAD): 25
Land area: 4.49 sq mi
Water area: 0 sq mi
Center point: 35.7720, -88.8572