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Unless things have changed fairly recently, Duke guarantees housing for students for all 4 years. Hence most people live on campus because, to be honest, Durham is not all that happening a town (although I hear it's much better than it was 25 years ago). Many new dormitories have popped up on campus in the last 10-15 years, giving the students even more housing options.
I lived on campus all 4 years, the last two on "Main West" (main campus, hub of most social activities) and I wouldn't have had it any other way!
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Alpha Phi
"Union hand in hand"
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