St Margaret's Hope is a village in the Orkney Islands, off the north coast of Scotland. It is known locally as The Hope or The Hup. With a population of about 550, it is Orkney's third largest settlement after Kirkwall and Stromness.^{[citation needed]}

St Margaret's Hope Scots: Saunt Marget's[1]
Buildings on the shore at St Margaret's Hope
St Margaret's Hope Location within Orkney
Area	0.42 km2 (0.16 sq mi)
Population	550 (approx.)
• Density	1,310/km2 (3,400/sq mi)
OS grid reference	ND445935
Council area	Orkney Islands
Lieutenancy area	Orkney Islands
Country	Scotland
Sovereign state	United Kingdom
Post town	ORKNEY
Postcode district	KW17
Dialling code	01856
Police	Scotland
Fire	Scottish
Ambulance	Scottish
UK Parliament	Orkney and Shetland
Scottish Parliament	Orkney
List of places UK Scotland 58°49′34″N 2°57′40″W / 58.826°N 2.961°W / 58.826; -2.961

St Margaret's Hope is the main settlement of the island of South Ronaldsay. Situated off Water Sound at the head of a calm bay on the island's northern coast, it is connected to the Orkney Mainland by the A961 road running across the Churchill Barriers.

St Margaret's Hope is believed to have been named after either Saint Margaret of Scotland (c.1045-1093), the wife of Malcolm III, or Margaret, Maid of Norway, who died in Orkney and possibly in this location in 1290.

The village has a primary school, a small blacksmith's museum, a few shops and a cafe, a pub and a wine bar. Pentland Ferries run a reliable service from the pier in the bay to Gills Bay on the Scottish mainland.

It is also known for its annual Boys' Ploughing Match, a local tradition where young boys plough the sands at the nearby Sands of Wright, and girls (or boys, though this is now a rarity) wear traditional 'horse' costumes resembling a harness. The event, which incorporates The Festival of the Horse, is known to have been in existence for at least 200 years, and takes place on the third Saturday of August.^[2]

Scant traces of an Iron Age broch can be found in a field off the Ontaft road above the village. The site could once be identified by Victorian OS maps, but with the passage of time and all but a 'crop mark' remaining, modern maps fail to show its location.

It is favoured by most in Orkney as being its prettiest village. The picturesque waterfront location being far superior to its West Mainland equivalent Stromness.^{[peacock prose]}