This study aimed to identify profiles of young children’s early home environment and explore their association with development in motor, inhibitory control, language, and emotional competence skills. The sample included 2,158 children (51.4% male), 35.47 months old on average. Four home environment profiles emerged: high support and high discipline (HS-HD), high support and low discipline (HS-LD), average support and average discipline (AS-AD), and low support and low discipline (LS-LD). Notably, children from higher socioeconomic status (SES) families were more likely to be associated with HS-HD and HS-LD profiles. Girls exhibited a higher likelihood of belonging to the HS-LD profile. Utilizing regression analyses, children showed the highest motor, inhibitory control, language, and emotional competence development when they were in the HS-LD home environment profile. A concerning finding is that high discipline from parents was negatively associated with children’s development, despite providing a high-quality physical environment. The text highlights the positive implications of providing a high-quality home learning environment and offers constructive recommendations for improving practice and future research.