The Hope Valley neighborhood is often referred to as "Old Hope Valley", with a relative absence of newly constructed homes with the vast majority of houses situated on lots that are considerably larger than those in newer, close-by developments (including the adjacent areas of "New Hope Valley", and Marydell, Woodcroft and Hope Valley Farms)--some as much as four acres. Many areas in Hope Valley are heavily wooded and are home to deer, foxes, red-shouldered hawks and barred owls. Hope Valley is convenient to Chapel Hill, Research Triangle Park, Raleigh Durham Airport, Cary and Raleigh via I-40 (3 miles South).