Metropolitan Statistical Area (MSA):
Duncan, OK is a Metropolitan Statistical Area (MSA) comprising counties including Stephens County.
The Duncan, OK metropolitan statistical area (MSA) is located in the southwestern part of the state. The area is home to a number of oil and gas production facilities, as well as a large military presence. The MSA includes the cities of Duncan, Lawton, and Wichita Falls.
The housing market in the Duncan MSA has been strong in recent years, due in part to the region's growing economy. The unemployment rate in the MSA was just 3.4% in 2019, well below the national average of 4.0%. Additionally, median home prices have increased steadily over the past few years, reaching $142,000 in 2019.
Looking ahead, it is expected that the housing market in Duncan will continue to be strong. Population growth and job creation are both projected to be positive in the coming years. Additionally, interest rates are expected to remain low, making it an affordable time to buy a home in Duncan.