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 land and rural real estate for sale in Texas's Gray County recently on Land.com was $8 million. This represents approximately 3,000 acres of ranches, farms, hunting land and other rural land and acreage for sale in Gray County. Gray County ranks 216th 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 land for sale, Pampa featured 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.