The Town FilesThree Way, Tennessee
City in Madison County · population 1,877 (2020 Census)
- Median home
- $250,700
- Household income
- $88,125
- Jan low / Jul high
- 28° / 90°
- Snow a year
- 4 in
- Tornadoes ≤10 mi since 1950
- 24
- Median age
- 54.9
Three Way is a city of 1,877 people in Madison County, Tennessee. The median home is worth $250,700, above the typical Tennessee town ($204,650). It ranks easier by car than 99% of Tennessee towns, better for retirees than 96% of Tennessee towns, more upscale than 93% of Tennessee towns.
How Three Way ranks
Percentile among Tennessee towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Tennessee towns.
Homes and cost of living
The median home in Three Way is worth $250,700, above the typical Tennessee town ($204,650). Homes cost about 2.8 times the median household income of $88,125, which is more affordable than 81% of Tennessee towns. Median rent is $1,646 a month. 93.4% of households own their home.
| Housing | Three Way | Typical Tennessee town |
|---|---|---|
| Median home value | $250,700 | $204,650 |
| Median rent | $1,646 | $863 |
| Median household income | $88,125 | $57,917 |
| Home value ÷ income | 2.8× | 3.7× |
| Homeownership | 93.4% | 69.7% |
| Median year built | 1997 | 1980 |
| Seasonal / vacation homes | 0.7% | — |
Who lives in Three Way
| People | Three Way | Typical Tennessee town |
|---|---|---|
| Median age | 54.9 | 40.8 |
| Age 65 and over | 30.2% | 18.4% |
| Under 18 | 14.7% | — |
| Bachelor's degree or higher | 38.6% | 18.2% |
| Below the poverty line | 6.4% | 14.2% |
| Veterans | 11.6% | — |
| Born outside the U.S. | 2.0% | — |
| Work from home | 8.1% | 8.2% |
| Average commute | 25.8 min | 25.9 min |
| Homes with broadband | 96.5% | 88.2% |
Weather in Three Way
July highs average 90.4°F and January lows 28.1°F. About 55.2 inches of rain and melted snow fall a year, with 4.4 inches of snow (typical Tennessee town: 3.5 in). Expect about 66 days a year at 90°F or hotter and 79 nights at or below freezing.
Tornadoes, storms and disasters
24 tornadoes have passed within 10 miles of Three Way since 1950, compared with 16 for the typical Tennessee town. 10 rated (E)F2 or stronger. The strongest, an EF4, struck on February 5, 2008 about 5.5 miles from the town center. Tornadoes within 10 miles have caused 5 deaths and 74 injuries since 1950. The most recent was on March 30, 2022.
Hail of 1 inch or larger has been reported within 10 miles 50 times; the largest was 2.75 inches on February 5, 2008.
Severe weather in Madison County since 1996
Madison County has been included in 24 federal disaster or emergency declarations since 1953, most often for flood, tornado, hurricane.
| Declared | Incident | Declaration |
|---|---|---|
| February 6, 2026 | Winter Storm | DR-4898: Severe Winter Storm |
| January 24, 2026 | Winter Storm | EM-3635: Severe Winter Storm |
| June 19, 2025 | Severe Storm | DR-4878: Severe Storms, Straight-Line Winds, Tornadoes, And Flooding |
| April 2, 2025 | Severe Storm | EM-3625: Severe Storms, Straight-Line Winds, Tornadoes, And Flooding |
| May 17, 2023 | Severe Storm | DR-4712: Severe Storms, Straight-Line Winds, And Tornado |
Jobs and pay in Madison County
Madison County had 60,967 jobs in 2024, paying an average of $58,054 a year. Unemployment was 3.3% in 2023; in Three Way itself the ACS puts it at 7%.
Towns near Three Way
- Humboldt, TN4.7 mi · 7,874 people · home $102,300
- Medina, TN4.9 mi · 5,126 people · home $287,200
- Jackson, TN7.9 mi · 68,205 people · home $217,800
- Milan, TN11.3 mi · 8,171 people · home $144,100
- Bells, TN13.3 mi · 2,463 people · home $169,000
- Alamo, TN14.6 mi · 2,336 people · home $141,500
- Trenton, TN14.7 mi · 4,240 people · home $126,000
- Atwood, TN17.5 mi · 940 people · home $91,000
Three Way questions
Is Three Way, Tennessee a good place to retire?
On The Town Files lifestyle rankings, Three Way scores better for retirees than 96% of Tennessee towns and quieter than 89%. 30.2% of residents are 65 or older (median age 54.9).
How much does a house cost in Three Way?
The median owner-occupied home in Three Way is valued at $250,700 (Census ACS 2020–2024), against a median household income of $88,125, so homes cost about 2.8 times income. Median rent is $1,646 a month.
What is the weather like in Three Way?
July highs average 90.4°F and January lows 28.1°F (NOAA 1991–2020 normals). It gets about 55.2 inches of precipitation a year and 4.4 inches of snow.
Does Three Way get tornadoes?
24 tornadoes have passed within 10 miles of Three Way since 1950 (NOAA Storm Events); the strongest was an EF4 on February 5, 2008. The typical Tennessee town has had 16.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)