The elevation of the valley floor ranges from at its upper end to at the base of the valley where it narrows into Woodfords Canyon. Ringed by tall mountain peaks on all sides, some of them exceeding in height, the valley boasts over of local vertical relief. The tallest of these peaks are Freel Peak (), Job's Sister (), and Job's Peak (), all three of which are located on the same ridge some distance to the northeast. Six additional named peaks also loom over Hope Valley: Hawkins Peak () and Pickett Peak () to the southeast, in the corner formed by the river's eastward bend; Red Lake Peak () and Stevens Peak () to the southwest, guarding the north side of Carson Pass; and Waterhouse Peak () and Thompson Peak () flanking both sides of Luther Pass to the northwest.