Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Three Way

Learn about the people, housing, costs and businesses in Three Way, Tennessee

Median Home$261,600
Median Rent$1,344/month
Population1,786
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services23% arts, food & hospitality
Home Value Growth⬆⬆⬆+21.5% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners91% of occupied units
NotableHighly Educated34% bachelor's · 26% graduate · top 4% nationally
NotableHigh Incomes$93k/year · top 22% nationally
Three Way
TN

Frequently Asked Questions

What are today's mortgage rates in Three Way?

As of today, the 30-year fixed mortgage rate for Three Way is approximately 6.814% (6.847% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Three Way
What is the median home price in Three Way?

The median home value in Three Way is $262k. The median monthly rent is $1,344. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Three Way?

Home values in Three Way have increased 21.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Three Way?

Based on a typical all-in ownership cost of $1,019/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Three Way is $93k/year.

Calculate your buying power
What industries drive the economy in Three Way?

The largest employment sectors in Three Way are healthcare (26%) and arts, food, and hospitality (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.