A server is a computer (or group of computers) that provides resources, data, services, or programs to other computers (called clients) over the internet, enabling functionalities like web hosting, file sharing, and application processing. (Basically, it's a powerful computer that helps to run the internet).
A Home Server is similar to a regular server (above) that you can set up in your own home. It can host similar services to a regular server like movie streaming, hosting websites, running file shares and hosting video game servers, except, it's FREE!
Well, do you like paying for netflix? Do you want to host you own website like this one? Do you want to host a minecraft server for your friends (If you have any lol) Then setting up a home server might be good for you.
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Home Page - https://www.rawpixel.com/image/5914966
Backgrounds - https://wallpapercave.com/ubuntu-2204-wallpapers