The Texas Panhandle gets its name for its proximity to the handle-shaped portion of its neighbor, Oklahoma. It is the state's least populated region. The value of all land and rural real estate for sale in Texas's Gray County recently was $4 million, representing a total of 940 acres of land for sale in Gray County. Gray County ranks 237th out of 254 counties in Texas for the total number of acres of land currently advertised for sale. Of all locations in Gray County with farms and ranches for sale, Pampa had the most land for sale. Mining and mineral extraction-related services are the main economic drivers in this part of Texas. Gray County is the 115th largest county (929 square miles) in Texas. It's located in the Panhandle Texas region of Texas.