I grew up hearing the term — they live at the old "homeplace," meaning a country home that had housed several generations of the same family. It might have been ramshackle and heavily mortgaged, but it had a history.
Split up that compound, though, into home and place. That's what I've been wondering lately. Are certain places more likely to be "home" than others. Such a complicated question. It requires definitions and qualifications of all terms. All I know is that in some deep and improbable way, Kentucky is a place that still feels like home to me.