Three Way, TN demographics:
population, income, and more

Total population
2,008
2.2% year-over-year change
Median household income
$88,125/yr
-4.0% year-over-year change
Housing units
917
5.4% year-over-year change

Three Way population

How many people live in Three Way

Three Way is home to 2,008 residents, according to the most recent Census data. Gender-wise, 50.6% of Three Way locals are male, and 49.4% are female.

Total population
2,008
2.2% year-over-year change
Gender ratio
Male
50.6%
1,016
Female
49.4%
992
Value Percent YoY change
Male 1,016 50.6% 4.1%
Female 992 49.4% 0.3%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Three Way is 55, with the population distributed as follows: about 12.8% are children under 15, then 8.6% are in the 15 to 24 age group. Adults between 25 and 44 make up 19.6% of the population, while another 28.8% fall into the 45 to 64 bracket. Finally, around 30.2% are 65 or older.

Median age
54.9
Age breakdown
Under 15
12.8%
15 to 24
8.6%
25 to 44
19.6%
45 to 64
28.8%
Over 65
30.2%
Value Percent YoY change
Under 15 257 12.8% -9.5%
15 to 24 173 8.6% 27.2%
25 to 44 394 19.6% -0.5%
45 to 64 578 28.8% 0.5%
Over 65 606 30.2% 5.6%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Three Way, 97.2% of the population are US-born citizens, while 2.8% have gained naturalized citizenship. As for race, 72.7% of locals are Caucasian, 22.6% are African American and 0.6% have Asian roots. There’s also a share of 4% that includes residents with two or more races.

Citizenship
U.S.-born citizens
97.2%
Non-U.S.-born citizens
2.8%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 1,951 97.2% 6.5%
Non-U.S.-born citizens 57 2.8% -46.7%
Racial breakdown
White
72.7%
Black or African American
22.6%
American Indian and Alaska Native
0%
Asian
0.6%
Native Hawaiian and other Pacific Islander
0%
Two or more races
4%
Other
0.2%
Value Percent
White 1,459 72.7%
Black or African American 454 22.6%
Asian 11 0.6%
Two or more races 81 4%
Other 3 0.2%

Households in Three Way

A peek inside Three Way households

Three Way has 895 households, with an average of 2 members in each. Of these, 68% are families, while the remaining 32% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
895
6.2% year-over-year change
Average people per household
2
Non-family households
286
Family households
609
Value Percent YoY change
Non-family households 286 32% 11.3%
Family households 609 68% 3.9%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Three Way

The housing landscape of Three Way

Three Way's housing consists of 917 units, with 98.8% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 0.2% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 1% of the housing landscape.

Housing units
917
5.4% year-over-year change
Housing types
Value Percent
1 unit, detached 906 98.8%
1 unit, attached 2 0.2%
Mobile home 9 1%
Homes built since 2020
13
8.3% year-over-year change

The age of buildings in Three Way

In Three Way, the median construction year is 1997. Most development happened in the second half of the 20th century. Then, 22.9% of homes were added from 2000 to 2009, 14.8% between 2010 and 2019, and 1.4% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 14 1.5% 7.7%
Built between 1950 and 1959 50 5.4% -7.4%
Built between 1960 and 1969 4 0.4% 33.3%
Built between 1970 and 1979 103 11.2% 27.2%
Built between 1980 and 1989 62 6.8% -4.6%
Built between 1990 and 1999 325 35.4% 0.9%
Built between 2000 and 2009 210 22.9% -2.3%
Built between 2010 and 2019 136 14.8% 29.5%
Built in 2020 or later 13 1.4% 8.3%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Three Way occupancy rates

Out of the 895 occupied housing units in Three Way, 93.4% are owner-occupied, while 6.6% are lived in by tenants. Meanwhile, 2.4% of all homes on the local market sit vacant.

Occupied housing units
895
6.2% year-over-year change
Occupancy breakdown
Renter occupied
59
Owner occupied
836
Value Percent YoY
change
Renter occupied 59 6.6% -1.7%
Owner occupied 836 93.4% 6.8%
Unoccupied housing units
2.4%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Three Way housing costs

Housing costs in Three Way come to a median of $1,072 per month, while tenants specifically pay a median gross rent of $1,646.

Median housing costs per month
$1,072/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Three Way
$1,646/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Three Way

Three Way education at a glance

About 32.6% of the population in Three Way went to high school, while 22.9% pursued college studies. Another 5.1% earned an associate degree and 23.9% hold a bachelor’s. Meanwhile, 14% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 27 1.6% -20.6%
High school diploma 558 32.6% 14.1%
College diploma 392 22.9% -3.0%
Associate degree 88 5.1% 15.8%
Bachelor's degree 409 23.9% 16.5%
Graduate degree 239 14% -17.6%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Three Way

How much people earn in Three Way

The average annual household income in Three Way was $98,316 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +1.3% change from the previous year. At the same time, the median income stood at $88,125, reflecting a -4% shift over the same period.

Average household income in Three Way
$98,316/year
1.3% year-over-year change
Median household income in Three Way
$88,125/year
-4.0% year-over-year change

Three Way income by age

In Three Way, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $103,472. Those with someone between 45 and 64 in charge, often well established professionally, earn $99,881 overall. Overall, 93.6% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $103,472 2.0%
45 - 64 $99,881 -4.0%
Over 65 $69,107 4.2%
Above poverty level
1,872
Below poverty level
128
Value Percent YoY
change
Above poverty level 1,872 93.6% 1.4%
Below poverty level 128 6.4% 12.3%

Employment in Three Way

Workforce and job types in Three Way

The job market in Three Way is powered by 950 working residents, spread across a range of industries and roles. 80.4% of the working population are employed in professional or administrative positions, while 19.6% are in hands-on or service-based jobs. Also, 8.6% run their own businesses, 60.5% are employed by private companies, and 19.3% work in the public sector.

Workforce demographics

Working population
950
-1.0% year-over-year change
White collar
764
Blue collar
186
Value Percent YoY change
White collar 764 80.4% -1.8%
Blue collar 186 19.6% 2.2%
Employer type
Self employees
8.6%
Private companies
60.5%
Governmental workers
19.3%
Not for profit companies
11.6%
Value Percent YoY change
Self employees 82 8.6% -28.1%
Private companies 575 60.5% 7.7%
Governmental workers 183 19.3% -4.7%
Not for profit companies 110 11.6% -8.3%
Unemployment rate
7.0%
22.4% year-over-year change

Available workforce

The unemployment rate in Three Way stands at 7%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Three Way

How people get around in Three Way

Means of transportation
Value Percent YoY change
Car 866 91.2% -3.7%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Three Way by zipcode?

Zipcode Population Number of households Median income Average income
38343 15,837 6,603 $58,260 $80,176

Explore more communities

FAQs about Three Way demographics 

What is the total population of Three Way?

Three Way has a total population of 2,008 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +2.2% compared to a year ago.

What is the gender ratio in Three Way?

The gender ratio in Three Way is as follows:
  • 50.6% males (1,016 residents)
  • 49.4% females (992 residents)

What is the median age in Three Way?

The median age in Three Way is 54.9.

What is the age distribution of the population in Three Way?

The age distribution in Three Way is as follows:
  • Under 15: 12.8% (257 residents)
  • Ages 15-24: 8.6% (173 residents)
  • Ages 25-44: 19.6% (394 residents)
  • Ages 45-64: 28.8% (578 residents)
  • Over 65: 30.2% (606 residents)

What is the racial and ethnic makeup of Three Way?

The racial and ethnic makeup of Three Way is as follows:
  • White: 72.7% (1,459 residents)
  • Black or African American: 22.6% (454 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0.6% (11 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 4% (81 residents)
  • Other: 0.2% (3 residents)

What percentage of the population in Three Way are U.S.-born citizens?

U.S.-born citizens represent 97.2% of the population in Three Way.

How many housing units are there in Three Way?

There are 917 housing units in Three Way, reflecting a +5.4% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Three Way and what is the average household size?

Three Way has a total of 895 households, with an average of 2 people in each.

What is the median household income in Three Way?

Three Way has a median household income of $88,125, representing a -4.0% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Three Way?

The employment rate is 93% in Three Way, with a workforce of 950 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 80.4% (764 residents)
  • Blue-collar workers: 19.6% (186 residents)

Places of employment:
  • Self-employed: 8.6% (82 residents)
  • Private companies: 60.5% (575 residents)
  • Governmental workers: 19.3% (183 residents)
  • Not-for-profit companies: 11.6% (110 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025