Three Way, Tennessee Demographics & Population 2026
Demographic data: ACS 2020–2024 five-year estimates. Sources and methodology
During the 2020–2024 ACS period, Three Way, Tennessee had a total population of 2,008, the 217th largest city in Tennessee, with a median household income of $88,125, which is 27% higher than the state average. The poverty rate is 6.4%.
Three Way Quick Facts
How Three Way Changed
Change from the non-overlapping 2015–2019 ACS period to 2020–2024. Earlier dollar figures are adjusted to 2024 dollars; changes marked “no clear change” are within the combined 90% margins of error.
| Metric | 2015–2019 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,676 | 2,008 | +19.8% |
| Median household income | $89,534 | $88,125 | No clear change (-1.6%) |
| Median home value¹ | $196,421 | $250,700 | +27.6% |
| Median gross rent | $1,337 | $1,646 | +23.2% |
How Three Way Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
- White: 72.0%
- Black: 22.6%
- Hispanic: 0.7%
- Asian: 0.5%
- Other: 0.1%
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 46 | National average: 61
Education
Educational Attainment (Adults 25+)
- < High School: 4.9%
- HS Diploma: 29.5%
- Some College: 22.4%
- Associate's: 4.6%
- Bachelor's: 23.4%
- Graduate+: 15.2%
Three Way Rankings in Tennessee
Explore Tennessee Rankings
Other Cities in Madison County
Cities Similar to Three Way
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Ridgetop | 1,995 | $85,063 | $351,100 | 28.0% | 3.5% |
| Berry Hill | 1,980 | $79,591 | $607,000 | 80.7% | 11.2% |
| New Johnsonville | 2,060 | $78,661 | $158,400 | 11.4% | 10.9% |
| Dover | 1,956 | $75,190 | $203,500 | 25.0% | 7.0% |
| New Union | 2,160 | $81,367 | $312,100 | 23.6% | 0.7% |
Population Overview
Three Way is a small community located in Tennessee, within Madison County. The total population is 2,008. It ranks as the 217th most populous out of 502 Census-designated places in Tennessee.
Age Demographics
The median age in Three Way is 54.9 years. This is 41% higher than the state median of 38.9 years. Only 14.7% of residents are under 18, indicating fewer families with children. 12.4% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Three Way is $88,125. This is 27% higher than the state median of $69,595. It is also 9% higher than the national median of $80,734. The poverty rate stands at 6.4%. This is 54% lower than the state poverty rate of 13.8%. The unemployment rate is 7.0%. This is 49% higher than the state rate of 4.7%. The median home value is $250,700. Housing costs are 13% lower than the state median of $286,700. With a home-value-to-income ratio of just 2.8x, Three Way is one of the most affordable housing markets in the area. 93.4% of occupied housing units are owner-occupied. This homeownership rate is 40% higher than the state average of 66.9%.
Race & Ethnicity
The largest racial or ethnic group in Three Way is White (non-Hispanic), making up 72.0% of the population. Black or African American residents account for 22.6%. The Hispanic or Latino population (0.7%) is well below the state average of 7.4%. The Asian population (0.5%) is well below the state average of 1.9%.
Education
38.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 24% higher than the state rate of 31.1%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.1%. Notably, 15.2% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Three Way, Tennessee is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Tennessee state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 502 Census-designated places in Tennessee. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Three Way, Tennessee?
Three Way, Tennessee has a population of 2,008 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Three Way, TN?
The median household income in Three Way is $88,125, which is 9% higher than the national median of $80,734.
What is the poverty rate in Three Way, TN?
The poverty rate in Three Way is 6.4%. This means approximately 128 residents live below the federal poverty line.
What is the racial makeup of Three Way, Tennessee?
Three Way's population is 72.0% White, 22.6% Black, 0.7% Hispanic/Latino, and 0.5% Asian.
What is the median home value in Three Way, TN?
The median home value in Three Way is $250,700. The home-value-to-income ratio is 2.8x.
How educated is Three Way, Tennessee?
38.6% of adults (25+) in Three Way hold a bachelor's degree or higher, and 15.2% hold a graduate or professional degree.