For every 17 households in Florida, there is one foreclosure filing, well below the national average of 45, resulting in a total of 516,711 properties with foreclosure filings. It is a Judicial Foreclosure state with the foreclosure time frame being 6-9 months.
The median household income in $47,778. Florida is ranked 4th in the nation for both its Gross Domestic Product of $748 billion, and population with 18,537,969 people. It is ranked 22nd largest by area with 65,758 square miles.
Florida has one of the most diverse economies in the United States. Tourism ranks high, with Disney World, the Everglades, South Beach, the Florida Keys and numerous other attractions pulling in millions of visitors every year. Florida's agricultural output is also among the nation's highest, led by citrus and livestock production. The state is one of the few places where some of the more delicate fruits and vegetables like tomatoes are grown all year. The military and government are major employers in Florida.