homefolk vs folk

homefolk and folk both are nouns.

Word	Noun	Adjective	Verb	Adverb
homefolk	Yes	No	No	No
folk	Yes	No	No	No

As nouns, folk is a hypernym of homefolk; that is, folk is a word with a broader meaning than homefolk:

Other hypernyms of homefolk include family, family line, kinfolk, kinsfolk, phratry, sept.

homefolk (noun)	folk (noun)
the people of your home locality (especially your own family)	the traditional and typically anonymous music that is an expression of the life of people in a community
	people in general (often used in the plural)
	a social division of (usually preliterate) people
	people descended from a common ancestor