Hope Valley is a village and census-designated place (CDP) in the town of Hopkinton, Rhode Island, United States.

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.

[5] The earliest European-American settlement of the village site was by Hezekiah Carpenter, who arrived in 1770 and dammed the Wood River and built several small water-powered mills.

The textile industry arrived in 1824, when Gardner Nichols and Russell Thayer bought the existing mills and began to operate them for carding of wool; fulling, coloring and finishing of cloth; and manufacture of textile machinery.

[6] The formerly separate village of Locustville, which grew up along Brushy Brook, is now part of Hope Valley.

The 2020 United States census counted 1,870 people, 723 households, and 568 families in Hope Valley.

25.4% of households consisted of individuals and 11.3% had someone living alone who was 65 years of age or older.

22.2% of all households were made up of individuals, and 7.8% had someone living alone who was 65 years of age or older.

Prudence Crandall, who established a pioneering school for African-American girls, was born in 1803 in the area that is now Hope Valley.

[6] Hope Valley is also the hometown of country music singer Billy Gilman.