Mortgage payment estimates, closing cost breakdowns, and homebuying data for Duncan, Oklahoma.
Median Home Price
$145K
Population
23K
Avg Monthly Rent
$780
Property Tax Rate
0.88% *
* Property tax shown is the Oklahoma state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Duncan.
Duncan vs Oklahoma Median
The median home price in Duncan is $145,000, which is 31% below the Oklahoma state median of $210,000.
Mortgage Calculator — Duncan, OK
Pre-filled with Duncan median home price and Oklahoma tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $145K home using Oklahoma's 0.88% tax rate and $3,600/yr insurance.
5% Down
$1,357/mo
Down: $7,250
Loan: $138K
P&I: $871
Tax: $106
Insurance: $300
PMI: $80
10% Down
$1,307/mo
Down: $14,500
Loan: $131K
P&I: $825
Tax: $106
Insurance: $300
PMI: $76
20% Down (No PMI)
$1,140/mo
Down: $29,000
Loan: $116K
P&I: $733
Tax: $106
Insurance: $300
Income needed (28% rule): $49K/year with 20% down, $56K/year with 10% down.
Rent vs Buy in Duncan
Rent
$780/mo
vs
Buy (10% down)
$1,307/mo
Price-to-rent ratio: 15.5 — A ratio between 15-20 means the rent vs buy decision in Duncan depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Duncan is $145,000, 31% below the Oklahoma state median of $210,000. With a population of 22,744, Duncan is a smaller market where home prices tend to be more accessible than in many parts of Oklahoma.
Property taxes in Oklahoma average 0.88% annually. This moderate property tax rate means a $145,000 home in Duncan would carry roughly $106/month in property taxes. Homeowners insurance in Oklahoma runs approximately $3,600 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Duncan is $780/month. The price-to-rent ratio in Duncan is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Duncan offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Oklahoma's OHFA Homebuyer DPA program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Duncan.