How transcription factors (TFs) regulate stem cells to maintain homeostasis, how noncoding single nucleotide variants (SNVs) linked to polygenic disease risk relate to such TFs, and the target genes SNVs dysregulate are central questions in stem cell and polygenic disease research. Massively parallel reporter gene analysis (MPRA) of 3,451 SNVs linked to risk for prevalent human skin diseases identified 355 differentially active SNVs (daSNVs). daSNV target gene analysis, including daSNV gene editing, highlighted dysregulated epidermal differentiation as a common pathomechanism. CRISPR knockout screens of 1772 human TFs identified 108 TFs essential for the control of epidermal differentiation, validating new roles for ZNF217, CXXC1, FOXJ2, IRX2 and NRF1. Population sampling CUT&RUN of 27 homeostatic TFs identified allele-specific binding (ASB) differences enriched near epidermal homeostasis and monogenic skin disease genes, with prominent representation of SP/KLF and AP-1/2 TFs. This resource implicates dysregulated differentiation in pathogenic risk for diverse polygenic skin diseases.