[6] According to the United States Census Bureau, the city has a total area of 3.9 square miles (10 km2), all land.

As of the census[4] of 2000, there were 1,375 people, 499 households, and 421 families residing in the city.

There were 510 housing units at an average density of 131.4 per square mile (50.7/km2).

13.6% of all households were made up of individuals, and 3.6% had someone living alone who was 65 years of age or older.

Three Way is the location of Middle Fork Bottoms State Park.