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 farms, ranches, and rural real estate for sale in Gray County recently on Land.com was around $3 million. This represents nearly 1,000 acres of farms, ranches, and rural real estate for sale in Gray County. Gray County ranks 237th out of 254 counties in the Lone Star State for the total acreage of land currently advertised for sale. Of all land and rural real estate for sale in Gray County, 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 the 115th biggest county (929 square miles) in Texas. It's located in the Panhandle Texas region of Texas.