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 ranches, farms, hunting land and other rural land and acreage for sale in Gray County, Texas, recently was nearly $4 million, representing a total of 940 acres of land for sale in Gray County. Gray County ranks 236th in the Lone Star State for the total number of acres of land currently advertised for sale. Of all locations in Gray County with land 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 the 115th biggest county (929 square miles) in Texas. It's located in the Panhandle Texas region of the state.