mwrc09 and jonbadass4life are both wrong. Cedric died in the village Voldemort's family came from - Little Hangleton
Godric's Hollow was the final hiding place of James and Lily Potter prior to being murdered by Lord Voldemort on 31 October 1981. It was at this same time that their son, Harry, was left with his lightning bolt-shaped scar.
Godric's Hollow was the home of James Potter's family, and the home of long-dead Hogwarts founder Godric Gryffindor. At the end of Harry Potter and the Half-Blood Prince, Harry says he plans to visit the village and his parents' gravesites after attending Bill Weasley and Fleur Delacour's wedding at The Burrow during the summer of the seventh book. This takes place during the final book, though it turns out to be a trap, and Harry only just escapes Lord Voldemort. Godric's Hollow's cemetery is the resting place for many personalities, the most famous being Ignotus Peverell, Lily & James Potter and Kendra & Ariana Dumbledore.
As for the village's exact location, there was speculation that Godric's Hollow is somewhere in Wales because when carrying baby Harry from Godric's Hollow to Little Whinging, Surrey, Rubeus Hagrid flew over Bristol — which is near the border between England and Wales. As Rowling was born and lived around the Bristol area, later moving to Chepstow, Wales, it is a possibility that Godric's Hollow could in fact be based on one of the locations she grew up in, perhaps Winterbourne, South Gloucestershire or Tutshill in the Forest of Dean. The references to this area of the United Kingdom in the books make them all a possibility. In Harry Potter and the Deathly Hallows, Godric's Hollow is stated as being "the West Country village", confirming it to be in the West Country of England.
Bowman Wright, the inventor of the Golden Snitch, was once an inhabitant of Godric's Hollow, as were Albus Dumbledore and his family, and Bathilda Bagshot, a notable historian.