Gray County, Texas: commercial real estate data.
Gray County, Texas had an estimated 20,888 residents on July 1, 2024, down 1.6 percent since the 2020 census base of 21,225, across 926 square miles. County output reached $1.44 bn in 2024, 509 establishments operate here, and the SBA record carries 6 7(a) approvals worth $7.0 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Gray County
How many people live in Gray County
- Population, American Community Survey 2020-202421,045
- Households7,991
- Average household size2.63
- Median household income$59,614
- Median age36.9
- Median gross rent$933 per month
- Median owner-occupied home value$102,900
- Home value to household income1.7 times
- Annual rent as a share of median income18.8 percent
- Adults 25 and over with a bachelor degree or higher16.2 percent
- Adults 25 and over with a graduate degree3.1 percent
- Adults 25 and over14,001
- Population under 185,213
- Share under 1824.8 percent
- Population 65 and over3,508
- Share 65 and over16.7 percent
- Working age population, 18 to 6412,324
- Civilian labor force9,522
- Unemployment rate5.6 percent
- Labor force participation, adults 18 and over60.1 percent
- Rank by population among Texas counties115th of 254
- Rank by population among US county-equivalents, Puerto Rico included1821st of 3,222
Gray County is the 115th largest of 254 Texas counties by population. A median home costs 1.7 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 24.8 percent against 16.7 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Gray County
Is Gray County's population growing?
- Population, July 1, 202420,888
- Census 2020 base population21,225
- Population change since the 2020 census base-1.59 percent
- Population change, 2023 to 2024-142
- Births, 2024239
- Deaths, 2024294
- Natural change, 2024-55
- Net domestic migration, 2024-184
- Net international migration, 202497
- Total net migration, 2024-87
- Cumulative net domestic migration, 2021 to 2024-278
- Rank by growth among US county-equivalents2387th of 3,144
The county has lost 1.59 percent of its population since the 2020 census base. The population fell in 2024 from both sources: deaths exceeded births and more people left than moved in.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Gray County
Where are people moving to Gray County from?
- Tax returns filed by households arriving510
- People arriving, from those returns1,034
- Tax returns filed by households leaving533
- Net household movement-23
- Adjusted gross income arriving$22.4 m
- Net adjusted gross income movement$-3.2 m
- Average income of an arriving household$43,845
- Average income of a leaving household$47,964
- Largest single originRandall County (55 households)
- Largest single destinationRandall County (63 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Randall County | 55 | 99 | $2.6 m |
| Potter County | 38 | 77 | $1.3 m |
| Hutchinson County | 24 | 63 | $1.2 m |
| Carson County | 20 | 47 | $687,000 |
Households arriving report $4,119 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Randall County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Gray County
What is the Gray County economy?
- County GDP, 2024$1.44 bn
- County GDP, 2023$1.42 bn
- GDP change, 2023 to 20241.9 percent
- GDP change over five years47.7 percent
- Rank by GDP among the Texas areas BEA publishes130th of 254
- Rank by GDP among the US county areas BEA publishes1548th of 3,127
- GDP per resident$68,534
Output grew 1.9 percent in the latest year and 47.7 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Gray County
Employment by industry in Gray County
- Covered employment, annual average7,532
- Establishments reporting552
- Average annual pay$60,146
- Average weekly wage$1,157
- Manufacturing, employment1,490
- Manufacturing, average annual pay$95,277
- Retail trade, employment948
- Retail trade, average annual pay$35,655
- Accommodation and food services, employment637
- Accommodation and food services, average annual pay$19,710
- Mining, quarrying, and oil and gas extraction, employment490
- Mining, quarrying, and oil and gas extraction, average annual pay$79,136
- Construction, employment275
- Agriculture, forestry, fishing and hunting, employment256
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 1,490 | 29 | $95,277 |
| Retail trade | 948 | 77 | $35,655 |
| Accommodation and food services | 637 | 48 | $19,710 |
| Mining, quarrying, and oil and gas extraction | 490 | 36 | $79,136 |
| Construction | 275 | 31 | $63,904 |
| Agriculture, forestry, fishing and hunting | 256 | 34 | $50,592 |
| Administrative and support and waste management services | 220 | 26 | $50,438 |
| Professional, scientific and technical services | 215 | 37 | $64,925 |
Manufacturing is the largest private sector at 1,490 jobs, 19.8 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Gray County
How many businesses are in Gray County?
- Establishments, all industries509
- Employment at those establishments5,990
- Annual payroll$315.1 m
- Establishments per 1,000 residents24.2
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Gray County
Building permits in Gray County
- Housing units authorized by permit, 20243
- Declared construction value permitted$907,922
- Single family units authorized3
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$302,641
- Units authorized per 1,000 households0.4
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Gray County
SBA loans in Gray County (7(a) and 504)
- 7(a) approvals recorded6
- 7(a) gross approval dollars$7.0 m
- Average 7(a) approval$1,173,667
- Median 7(a) approval$239,150
- Largest single approval$4,460,300
- Jobs reported supported, 7(a)26
- Jobs per approval4.3
- Distinct 7(a) lenders active5
- Distinct industries receiving approvals6
- Median 7(a) term183 months
- Share of loans on real estate terms, 240 months or longer50.0 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter3
- Franchise loans3
- Franchise share of approvals50.0 percent
- 504 approvals recorded5
- 504 gross approval dollars$6.5 m
- Average 504 approval$1,299,000
- Median 504 approval$1,208,000
- Distinct CDCs active3
- 504 jobs per approval3.0
- 504 jobs per million dollars approved2.3
- Most active CDCTexas Panhandle Regional Development Corporation (3)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$13.5 m
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Gray County
SBA loan default and charge-off rates in Gray County
Do SBA loans in Gray County get paid back?
- Loans with a final outcome recorded4
- Paid in full3
- Charged off1
- Status: Charged off1
- Status: Paid in full3
- Status: Exempt from disclosure2
Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Gray County
SBA lending by place in Gray County
- Borrower cities with recorded lending2
- Pampa, approvals5
- Lefors, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Pampa | 5 | $6,892,000 |
| Lefors | 1 | $150,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Gray County
How large is Gray County?
- Land area926 sq mi
- Rank by land area among Texas counties101st of 254
- Width, east to west30.8 mi
- Height, north to south30.2 mi
- Geographies sharing a boundary4
- Residents per square mile of land23
- Establishments per square mile0.55
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Gray County
Flood risk in Gray County
- Participation of the county's own NFIP community Gray County, unincorporated areasParticipating, community 481222
- Communities in the county in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Gray County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Gray County (community 481222), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Gray County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Gray County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Gray County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202421,045
- Households7,991
- Average household size2.63
- Median household income$59,614
- Median age36.9
Common questions
Gray County questions, answered from the record.
How many people live in Gray County, Texas?
The Census Bureau estimates 20,888 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 21,045, in 7,991 households, ranking 115th of 254 Texas counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Gray County's population growing?
The population has fallen 1.59 percent since the 2020 census base of 21,225, to 20,888 on July 1, 2024. In 2024 there were 239 births against 294 deaths, with net migration of -87. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Gray County?
$59,614. The median owner-occupied home is valued at $102,900, which is 1.7 times income, and median gross rent is $933 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Gray County?
509 establishments, employing 5,990 people with an annual payroll of $315.1 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Gray County?
Manufacturing is the largest private sector at 1,490 jobs, 19.8 percent of covered employment. Covered employment averages 7,532 jobs at an average annual pay of $60,146, or $1,157 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Gray County?
6 7(a) approvals totaling $7.0 m since FY2020, across 5 lenders, with a median approval of $239,150, plus 5 504 approvals worth $6.5 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Gray County?
3 housing units were authorized by permit in 2024, with a declared construction value of $907,922. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Gray County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Gray County come from?
The largest single origin is Randall County, with 55 households. Arriving households report an average income of $43,845 against $47,964 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Gray County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Gray County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Gray County
Cities and places in Gray.
4 Census places lie wholly or partly in Gray County. All 4 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Pampa | city | 16,659 | 5 | Wholly in this county |
| McLean | town | 799 | None recorded | Wholly in this county |
| Lefors | town | 557 | 1 | Wholly in this county |
| Alanreed | CDP | 15 | None recorded | Wholly in this county |
Nearby