Land and home values in Gray County, Texas
Gray County (small town, Pampa, TX) covers 926 square miles and 7 census tracts. Residential land is about $0.79 per sq ft at the county median, from $0.22 in its most rural tracts to $1.10 in its most valuable. The typical home is worth about $131,000 and a 2-bedroom rents for about $1,040 a month, as of October 12, 2026.
Open on the satellite mapAll of TexasCounty values
| Land: residential | $0.79 | per sq ft |
| Land: residential | $34,456 | per acre |
| Land: quarter-acre lot | $8,614 | 10,890 sq ft |
| Land: farmland | $2,010 | per acre |
| Home: typical (median) | $131,000 | value |
| Home: entry-level | $50,200 | lower quartile |
| Home: upper-end | $187,000 | upper quartile |
| Build new | $157 | per sq ft, no land |
| Rent: 1-bedroom | $795 | per month |
| Rent: 2-bedroom | $1,040 | per month |
| Rent: 3-bedroom | $1,240 | per month |
| Rent: 4-bedroom | $1,380 | per month |
| Gross yield, 2-bed | 9.5% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Small town | 6 | $0.79 | $131,000 | $1,040 |
| Farmland | 1 | $0.79 | $131,000 | $925 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Cities and towns
Highest-value places
| Place | Type | Land $/sq ft | Typical home |
|---|---|---|---|
| Overton Heights | Subdivision | $1.06 | $176,000 |
| Chaumont | Subdivision | $0.90 | $149,000 |
| Turtle Creek | Subdivision | $0.90 | $149,000 |
| Lakeview Apartments | Subdivision | $0.90 | $148,000 |
| White Acres | Subdivision | $0.84 | $139,000 |
| Alanreed | Community | $0.79 | $131,000 |
| McLean | Town | $0.79 | $82,000 |
| Fraser | Subdivision | $0.77 | $127,000 |
Questions people ask
How much is land worth in Gray County, TX?
Residential land in Gray County, TX is about $0.79 per square foot, or $34,456 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $8,614. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Gray County, TX?
The typical (median) home in Gray County, TX is worth about $131,000, with entry-level homes around $50,200 and upper-end homes around $187,000, as of October 2026.
How much is rent in Gray County, TX?
A 2-bedroom rents for about $1,040 a month in Gray County, TX, a 1-bedroom about $795 and a 3-bedroom about $1,240 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in Gray County, TX?
Farmland averages about $2,010 an acre in Gray County, TX (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.