North East Texas Land and Ranches for Sale

Panola County, Texas

Panola County is located in East Texas and consists of forested, rolling plains, broken by the Sabine and Murvaul Creek. Also features Toledo Bend Reservoir, Lake Murvaul, and Martin Creek Lake. Local economy is comprised of oil field operations, food processing and agribusiness.

Land and Ranch Market Snapshot

Average Price $1.3M
Lowest Price $451K
Highest Price $2M
Total Listings 4
Avg. Days On Market 136
Avg. Price/SQFT $719

Property Types (active listings)

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Panola Pinto County Land and Ranches for Sale

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land for sale panola county

Where is Panola County, Texas?

  • Panola County is in northeastern Texas, bordered on the east by Louisiana, on the south by Shelby County, on the west by Rusk County, and on the north by Harrison County. The center of the county lies at 32°10' north latitude and 94°20' west longitude. Carthage, the county seat, is twenty-six miles south of Marshall, sixty-five miles southeast of Tyler, and fifty miles north of Nacogdoches.
  • The name Panola is derived from ponolo, the Cherokee word for "cotton." Located in the East Texas Timberlands region, Panola County covers 842 square miles of gentle rolling plains and small hills drained by the Sabine River, which cuts across the county diagonally from northwest to southeast.

Adjacent Counties

  • Harrison County (north)
  • Caddo Parish, Louisiana (northeast)
  • De Soto Parish, Louisiana (east)
  • Shelby County (south)
  • Rusk County (west)

Sites and Attractions in Panola County 

  • The best kept secret in East Texas! Lake Murvaul is located ten miles southwest of Carthage on Murvaul Creek in the Sabine River basin in Panola County three miles south of Clayton and 14 miles north of Timpson. Bring your family to camp or picnic at the Murvaul campground and swim, boat, fish, and paddle on the lake. We have kayaks and paddle boats available for rent.

  • The Texas Country Music Hall of Fame, formerly the Tex Ritter Museum, located in Carthage in Panola County in East Texas, honors those who have made outstanding contributions to country music and were born in the state of Texas. This includes singers, songwriters, disc jockeys, and others.
  • Scenic trails pass through 4,000 acres of timberland owned by the International Paper Company. The woodland, once densely populated with small game, now supports deer, squirrel, and quail hunting in season. New stocks of wild turkey have been placed in local forests, but they are still protected from hunters. Freshwater lakes include Hendrick's Lake, Hill's Lake, Clear Lake, and Fish Lake. Reservoirs built in recent years include Murvaul Lake, Martin Lake, and Toledo Bend.

Farming and Ranching in Panola County 

  • The soil is largely sandy loam with clay subsoil. Annual rainfall in Panola County averages 43.9 inches; temperatures range from an average low of 34° F in January to an average high of 94° in July. The growing season lasts 240 days. The county derives much of its income from the extraction of oil, gas, and coal; in 1990, 1,356,000 barrels of crude oil were produced in the county. Other industries include sawmills, poultry and egg processing, and the manufacture of plastic products.
  •  In the early twenty-first century gas and oil-field operations, agribusinesses, timber, and food processing were central elements of the area's economy. Almost 1,953,000 barrels of oil and 244,308,296 cubic feet of gas-well gas were produced in the county in 2004; by the end of that year 92,220,935 barrels of oil had been taken from county lands since 1917.
  • In 2002 the county had 948 farms and ranches covering 222,910 acres, 38 percent of which were devoted to crops, 31 percent to woodlands, and 28 percent to pasture. In that year local farmers and ranchers earned $46,221,000; livestock sales accounted for $44,830,000 of the total. Broilers, beef cattle, and hay were the chief agricultural products. Almost 19,409,000 cubic feet of pinewood and over 5,324,000 cubic feet of hardwood were harvested in the county in 2003.

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