Three Way, TN housing market
The typical Three Way home is worth about $284,000, down 0.8% in a year, 15% below the Tennessee typical home.
Home values, sales, trends and how Three Way compares with the towns next door — updated as new data is published.
Three Way at a glance
Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Three Way | Tennessee |
|---|---|---|
| 2017 | $158,000 | $174,000 |
| 2018 | $162,000 | $187,000 |
| 2019 | $167,000 | $198,000 |
| 2020 | $182,000 | $215,000 |
| 2021 | $200,000 | $238,000 |
| 2022 | $244,000 | $287,000 |
| 2023 | $269,000 | $313,000 |
| 2024 | $282,000 | $326,000 |
| 2025 | $290,000 | $334,000 |
| 2026 | $283,000 | $333,000 |
| August 2026 | $284,000 | $334,000 |
Three Way and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Three Way | $284K | −0.8% | $1,120 | — | $88,125 |
| Humboldt | $161K | +3.5% | $1,120 | 5 | $52,917 |
3.2 years of income
The typical Three Way home costs about 3.2 years of the town's median household income, less than across Tennessee (4.8 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,120
HUD's Fair Market Rent for a two-bedroom in Three Way is $1,120 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Three Way pay a median of $1,646. A two-bedroom takes about 15% of the town's median household income.
Studio $770 · 4 bedrooms $1,510
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (38343; Jackson, TN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Three Way
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.