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 total value of farms, ranches, hunting land and other land for sale in Gray County recently on Land.com was approximately $4 million. This represents 1,000 acres of farms and ranches for sale in Gray County. Gray County ranks 238th out of 254 counties in the state for the total acreage of land currently advertised for sale. Of all locations in Gray County with land and rural real estate for sale, Pampa had the most land for sale. Economically speaking, Gray County's is largely dependent on mining and mineral extraction-related businesses and services. Gray County is Texas's 115th largest county (929 square miles). It's located in the Panhandle Texas region of the state.