NULL Of 254 counties in the state, Gray County is 115th in terms of its size (929 square miles). Gray County is in Panhandle Texas. Texas's Gray County includes nearly 1,000 acres of ranches for sale based on recent Land Network data. The combined market value of ranches, farms, hunting land and other rural land and acreage for sale here was approximately $1 million. Browse all Gray County ranches for sale on the Land Network to find the ranch that's right for your business or commercial needs, from the sprawling legacy ranch to unbelievable residential ranch for your second home, investment property or retirement nest egg. By overall acreage, house is the most common type of land for sale in Gray County.