The article considers the theoretical aspects of socio-economic condition and community development in the context of territorial transformation in Ukraine. Socio-economic development of territorial communities is an important indicator of assessing the level of the state development. The state policy of Ukraine in the local self-government sphere is based on the interests of territorial communities’ residents and provides for decentralization of power, that is, the transfer of a significant part of powers and responsibilities from the executive authorities to local self-government bodies. The development of local self-government and creation of territorial communities primarily involve improving financial solvency, investment and economic attractiveness of territories for citizens’ comfortable living. The main properties of the socio-economic development of the Mayakivska united territorial community are investigated and evaluated. The methodology for studying the condition is clarified and the goals, objectives, priorities and directions of sustainable economic and social development of territorial entities are determined. The state of socio-economic development of the Mayakivska community is analyzed according to various indicators and changes that have occurred on its territory. The main tasks of the Mayakivska united territorial community development are substantiated, taking into account the needs and interests of its inhabitants, the dynamics of medicine, schools and preschool institutions development is determined. A distinctive feature of the Mayakivska territorial community is awareness that the community territory is united not only by its name, but also by the vision of future prospects. An algorithm for regulating the socio-economic development of the Mayakivska united territorial community is proposed.