What percentage of people rent in Three Way, TN?

Name: Renters and owners in Three Way, TN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

6.6% (±3.1 points) of the occupied homes in Three Way, TN are rented (2020–2024 American Community Survey).

That is 59 renting households against 836 that own their home.

In Three Way, the share of households that rent went from 11.8% in 2015–2019 to 6.6% in 2020–2024 (−5.2 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 6.6% (±3.1 points)
Renting households: 59 (±29)

Who rents and who owns in Three Way

Tenure, estimate (90% margin of error)
	Three Way	Madison County	Tennessee	United States
Renter-occupied share	6.6% (±3.1 points)	38.0% (±1.5 points)	33.1% (±0.3 points)	34.8%
Renting households	59 (±29)	15,255 (±667)	933,708 (±7,883)	45,017,354
Owning households	836 (±93)	24,898 (±656)	1,890,569 (±10,295)	84,210,142
Average renter household size	1.7 (±0.7)	2.3 (±0.1)	2.3 (±0.0)	2.3
Average owner household size	2.3 (±0.2)	2.4 (±0.1)	2.5 (±0.0)	2.6
Median renter household income	—	$38,911 (±$3,594)	$46,745 (±$535)	$52,966
Median owner household income	$93,590 (±$7,437)	$80,141 (±$3,849)	$85,153 (±$545)	$100,009

In Three Way, the renter share is lower than in Madison County (38.0%).

It is also lower than in Tennessee (33.1%).

It is lower than the national figure (34.8%).

In Madison County, Three Way ranks 2 of 3 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 383 of 405.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Three Way has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	11.8% (±4.4 points)	6.6% (±3.1 points)	−5.2 percentage points	Not a measurable change
Median gross rent	$1,086 (±$121)	$1,646 (±$112)	+51.6%	Up after inflation
Median household income	$72,750 (±$5,539)	$88,125 (±$13,374)	+21.1%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Three Way

Nearest places with a published estimate, compared with Three Way
Place	Distance	Households that rent	Compared with this place
Three Way	—	6.6% (±3.1 points)	—
Humboldt	4.7 mi	45.2% (±6.4 points)	Higher
Medina	4.9 mi	18.1% (±8.4 points)	Higher
Gibson	7.1 mi	46.6% (±18.0 points)	Higher
Gadsden	7.2 mi	34.1% (±14.6 points)	Higher
Jackson	8.2 mi	48.8% (±2.0 points)	Higher
Milan	11 mi	44.1% (±8.9 points)	Higher
Bells	13 mi	49.6% (±10.9 points)	Higher
Alamo	15 mi	38.1% (±9.9 points)	Higher

Nearby places with a measurably higher figure: Humboldt, TN (45.2%), Medina, TN (18.1%), Gibson, TN (46.6%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Madison County, place by place

Rank	Place	Households that rent
1	Jackson	48.8% (±2.0 points)
2	Three Way	6.6% (±3.1 points)
3	Medon	6.4% (±11.2 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Three Way

How many renters are there in Three Way?

Three Way has an estimated 59 (±29) renting households, 6.6% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Three Way?

In Three Way, the share of households that rent went from 11.8% in 2015–2019 to 6.6% in 2020–2024 (−5.2 percentage points), not a measurable change.

How big are renting households in Three Way?

A renting household in Three Way has 1.7 people on average, against 2.3 in an owned home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Three Way city, Tennessee (place:74100, in state:47).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.