diff --git a/packages/block-library/src/home-link/edit.js b/packages/block-library/src/home-link/edit.js
index fa6b27a3e2128b..793e13515411db 100644
--- a/packages/block-library/src/home-link/edit.js
+++ b/packages/block-library/src/home-link/edit.js
@@ -6,15 +6,10 @@ import clsx from 'clsx';
 /**
  * WordPress dependencies
  */
-import {
-	RichText,
-	useBlockProps,
-	store as blockEditorStore,
-} from '@wordpress/block-editor';
+import { RichText, useBlockProps } from '@wordpress/block-editor';
 import { __ } from '@wordpress/i18n';
-import { useSelect, useDispatch } from '@wordpress/data';
+import { useSelect } from '@wordpress/data';
 import { store as coreStore } from '@wordpress/core-data';
-import { useEffect } from '@wordpress/element';
 
 const preventDefault = ( event ) => event.preventDefault();
 
@@ -24,8 +19,6 @@ export default function HomeEdit( { attributes, setAttributes, context } ) {
 		return select( coreStore ).getEntityRecord( 'root', '__unstableBase' )
 			?.home;
 	}, [] );
-	const { __unstableMarkNextChangeAsNotPersistent } =
-		useDispatch( blockEditorStore );
 
 	const { textColor, backgroundColor, style } = context;
 	const blockProps = useBlockProps( {
@@ -41,42 +34,31 @@ export default function HomeEdit( { attributes, setAttributes, context } ) {
 		},
 	} );
 
-	const { label } = attributes;
-
-	useEffect( () => {
-		if ( label === undefined ) {
-			__unstableMarkNextChangeAsNotPersistent();
-			setAttributes( { label: __( 'Home' ) } );
-		}
-	}, [ label ] );
-
 	return (
-		<>
-			<div { ...blockProps }>
-				<a
-					className="wp-block-home-link__content wp-block-navigation-item__content"
-					href={ homeUrl }
-					onClick={ preventDefault }
-				>
-					<RichText
-						identifier="label"
-						className="wp-block-home-link__label"
-						value={ label }
-						onChange={ ( labelValue ) => {
-							setAttributes( { label: labelValue } );
-						} }
-						aria-label={ __( 'Home link text' ) }
-						placeholder={ __( 'Add home link' ) }
-						withoutInteractiveFormatting
-						allowedFormats={ [
-							'core/bold',
-							'core/italic',
-							'core/image',
-							'core/strikethrough',
-						] }
-					/>
-				</a>
-			</div>
-		</>
+		<div { ...blockProps }>
+			<a
+				className="wp-block-home-link__content wp-block-navigation-item__content"
+				href={ homeUrl }
+				onClick={ preventDefault }
+			>
+				<RichText
+					identifier="label"
+					className="wp-block-home-link__label"
+					value={ attributes.label ?? __( 'Home' ) }
+					onChange={ ( labelValue ) => {
+						setAttributes( { label: labelValue } );
+					} }
+					aria-label={ __( 'Home link text' ) }
+					placeholder={ __( 'Add home link' ) }
+					withoutInteractiveFormatting
+					allowedFormats={ [
+						'core/bold',
+						'core/italic',
+						'core/image',
+						'core/strikethrough',
+					] }
+				/>
+			</a>
+		</div>
 	);
 }
diff --git a/packages/block-library/src/home-link/index.php b/packages/block-library/src/home-link/index.php
index fb7235834459d0..d61aa0bc235e22 100644
--- a/packages/block-library/src/home-link/index.php
+++ b/packages/block-library/src/home-link/index.php
@@ -137,9 +137,6 @@ function block_core_home_link_build_li_wrapper_attributes( $context ) {
  */
 function render_block_core_home_link( $attributes, $content, $block ) {
 	if ( empty( $attributes['label'] ) ) {
-		// Using a fallback for the label attribute allows rendering the block even if no attributes have been set,
-		// e.g. when using the block as a hooked block.
-		// Note that the fallback value needs to be kept in sync with the one set in `edit.js` (upon first loading the block in the editor).
 		$attributes['label'] = __( 'Home' );
 	}
 	$aria_current = '';