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 land and rural real estate for sale in Gray County, Texas, recently on Land.com was almost $6 million. This represents around 1,000 acres of land and rural real estate for sale in Gray County. Gray County ranks 237th in the Lone Star State for the combined amount of land currently advertised for sale. Among cities in Gray County with farms and ranches for sale, Pampa featured the most land for sale. Mining and mineral extraction-related services are the main economic drivers in this part of Texas. Gray County is Texas's 115th largest county (929 square miles). It's located in the Panhandle Texas region of Texas.