If a particular keyword has higher density on your page then it is more likely for your page to obtain better rankings in SE. But keyword density is treated differently by all other search engines having different algorithms.
Keyword Density is the percentage of occurrence of your keywords to the text in the rest of your webpage.
It is important for your main keywords to have the correct keyword density to rank well in Search Engines.
The preferred keyword density ratio varies from search engine to search engine. In general, I recommend using a keyword density ratio in the range of 2-8%.
If a particular keyword has a higher density on your web page, then the likelihood of your page obtaining a better search engine ranking increases. But not all search engines bother with keyword density and indeed even those who do have their own algorithm for computing the density of a keyword.
It is the percentage of your keywords on you home page. It gives you a better ranking on the SE. If you are really concerned about how you're doing there are
Keyword Density Analyzers that will tell you how well you're doing. One such Analyzer is "keyworddensity.com. There are others, this one is free for a quick check. I hope this helps you out.