Hope Valley is a village and census-designated place (CDP) in the town of Hopkinton in Washington County, Rhode Island, United States. The population of the CDP was 1,649 at the 2000 census. Hope Valley is the largest village in Hopkinton and the town's principal commercial center. While the village of Hope Valley is located in Hopkinton, its zip code, 02832, extends into the neighboring town of Richmond.
The central portion of the village was listed on the National Register of Historic Places in 2004 as the Hope Valley Historic District. The historic district includes 134 contributing buildings and three other contributing structures.