Gray County, Texas: commercial real estate data.
Gray County, Texas has a population of 21,045 across 926 square miles, down 1.6 percent since the 2020 census base. 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.
121 sourced county values · tier FULL · 12 sections
Gray County
How many people live in Gray County
- Population21,045
- 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-equivalents1821st
Gray County is the 115th largest of 254 Texas counties by population. A median home costs 1.7 times median household income, which is an affordable ownership market 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 growing
- Population change since the 2020 census base-1.59 percent
- Census 2020 base population21,225
- 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
The county has lost 1.59 percent of its population since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Gray County
Where people moving to Gray County come from
- Tax returns filed by households arriving510
- People arriving, from those returns1,034
- Adjusted gross income arriving$22.4 m
- Net adjusted gross income movement$0
- Average income of an arriving household$43,845
- Largest single originGray County Non-migrants (6,808 households)
- Largest single destination (6,808 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Gray County Non-migrants | 6,808 | 15,194 | $406.9 m |
| Other flows - Same State | 206 | 400 | $9.0 m |
| Other flows - Different State | 167 | 348 | $7.5 m |
| Other flows - West | 96 | 197 | $5.0 m |
| Randall County | 55 | 99 | $2.6 m |
| Other flows - South | 47 | 102 | $1.6 m |
| Potter County | 38 | 77 | $1.3 m |
| Hutchinson County | 24 | 63 | $1.2 m |
The largest single source of arrivals is Gray County Non-migrants, 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 the Gray County economy runs on
- 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 Texas counties130th
- Rank by GDP among US county-equivalents1548th
- 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
Who employs people in Gray County
- Covered employment, annual average7,532
- Establishments reporting552
- Average annual pay$60,146
- Average weekly wage$1,157
- Sector 31-33, employment1,490
- Sector 31-33, average annual pay$95,277
- Sector 44-45, employment948
- Sector 44-45, average annual pay$35,655
- Sector 72, employment637
- Sector 72, average annual pay$19,710
- Sector 21, employment490
- Sector 21, average annual pay$79,136
- Sector 23, employment275
- Sector 11, employment256
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 1,490 | 29 | $95,277 |
| Sector 44-45 | 948 | 77 | $35,655 |
| Sector 72 | 637 | 48 | $19,710 |
| Sector 21 | 490 | 36 | $79,136 |
| Sector 23 | 275 | 31 | $63,904 |
| Sector 11 | 256 | 34 | $50,592 |
| Sector 56 | 220 | 26 | $50,438 |
| Sector 54 | 215 | 37 | $64,925 |
The largest sector is the biggest private employer group at 1,490 jobs, 19.8 percent of covered employment. Average pay per job exceeds median household income, which usually means single earner households and a wage base that can carry rent.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Gray County
What businesses operate 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.
US Census Bureau, County Business Patterns, 2023.
Gray County
What is being built in Gray County
- Housing units authorised by permit, 20243
- Declared construction value permitted$907,922
- Single family units authorised3
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$302,641
- Units authorised per 1,000 households0.4
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Gray County
How much SBA lending happens in Gray County
- 7(a) approvals recorded6
- 7(a) gross approval dollars$7.0 m
- Average 7(a) approval$1,173,667
- Median 7(a) approval$258,300
- 10th percentile approval$134,400
- 90th percentile approval$4,460,300
- 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) term246 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
- Leading industry by approval countHotels (except Casino Hotels) and Motels (1)
- Most active lenderUMB Bank, National Association (2)
- 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)
- 7(a) share of SBA approvals54.5 percent
- Combined SBA approval dollars$13.5 m
The average approval of $1,173,667 sits well above the median of $258,300, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. 50.0 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
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
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
Too few loans have reached a final outcome to publish a charge off rate. only 4 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Gray County
Which parts of Gray County get the lending
- Places in the county with recorded lending2
- Pampa, approvals5
- LEFORS, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Pampa | 5 | $6,892,000 |
| LEFORS | 1 | $150,000 |
Pampa accounts for 5 approvals against 1 in LEFORS. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Gray County
How big 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
What hazards affect Gray County
- EPA radon zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
- Communities in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
The EPA places the county in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
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.
- Population21,045
- 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?
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 growing?
The population has fallen 1.59 percent since the 2020 census base. 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 there 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 the average wage in Gray County?
Average annual pay is $60,146, or $1,157 a week, across 7,532 covered jobs. 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 totalling $7.0 m since FY2020, across 5 lenders, with a median approval of $258,300, plus 5 504 approvals worth $6.5 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Gray County?
3 housing units were authorised 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 Gray County Non-migrants, with 6,808 households. Arriving households report an average income of $43,845 against null 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.