The significance of the theme of home within Campbell’s theory of the Hero’s Journey is to show the path that people take since childhood to their adulthood.
The hero's journey in the book describes that change is possible for everyone. As it shows us, how an ordinary person can overcome great adversity and defeat their enemies/fears. The journey also tells that "it is about us and us alone."
In the book by Joseph Campbell, "The Hero with a Thousand Faces", author shows that all heroes go through the same path in their stories. In that path the main steps a hero goes through are separation, initiation, and return.
It is so because, the theory that sees all mythic narratives as variations of a single great story. It is actually based upon the observation which life goes through.
To learn more about Joseph Campbell here
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