The Campaign for Real Ale (Camra) has given the award to the George & Dragon at Hudswell, near Richmond, North Yorkshire.
The pub, the village's only community facility, closed in 2008.
It reopened in 2010 after residents formed the Hudswell Community Pub Ltd group and raised Â£200,000 to buy the building and land.
Read more about this and other stories from across North Yorkshire
The group was helped by the Plunkett Foundation which supports community co-operatives in rural areas.
Camra said the George & Dragon had a warm and welcoming atmosphere and a strong community ethos.
The pub includes a small shop, library, community allotments and free internet access.
Paul Ainsworth, from Camra, said: "The George & Dragon is a great example of how a pub has been resurrected as a true community asset."
The pub's current manager, Stu Miller, said he was thrilled to receive the award.
"It shows that hard work, good beer and the support of the community can help you achieve goals that seemed impossible only a short while ago," he said.
Runners up in the UK-wide competition were the Salutation Inn in Ham, Gloucestershire, the Stanford Arms in Lowestoft, Norfolk, and the Swan with Two Necks in Pendleton, Lancashire.

Sheffield Wednesday are set to pay £10m for on-loan striker Jordan Rhodes.
"I don't need anywhere near that sort of money. Half that figure will do me," said Warnock.
Warnock has outlined his proposals to owner Vincent Tan and hopes the Malaysian businessman backs them.
After losing 1-0 at home to Norwich, Warnock praised his men for their performance against what he described as an expensively assembled Norwich City side.
He revealed the Bluebirds' plans for the summer were already well advanced and that a rapid response would be key when the window opens.
"We are already working to a figure that is acceptable to me and I think is acceptable to the board and owners," Warnock told BBC Wales Sport.
"We've got two or three players we'd like to bring in, which we will try to do.
"We need to do business straight away I think, not wait until the season starts.
"We've got a good idea who we want.
"Things change when someone comes in and buys one of the players you want, but in general we've got a good idea who we need."

British Transport Police said the man, 22, from Birmingham, was arrested on Wednesday and had now been bailed after being questioned by detectives.
The latest arrest is in connection with the rape of the teenager in a vehicle in the Witton area at around 02:00 BST on 26 July, police said.
The girl had previously been raped at the railway station hours earlier.
See more stories from across Birmingham and the Black Country here
A man has been charged and another man arrested in connection with the first attack, which is being treated as a separate incident, the force said.
Meanwhile, detectives continue to appeal for a Good Samaritan who picked up the victim after she was raped for the second time.
Police said the driver of the second vehicle, described as a people carrier-type car, is believed to have given the victim a lift home after she was raped a second time.
A country pub saved from closure after villagers stepped in to buy it has been named national pub of the year.
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Cardiff City manager Neil Warnock has outlined his cut-price transfer plan, saying he does not think it would take big money to launch a promotion bid in 2017-18.
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A man has been arrested on suspicion of rape in connection with an attack on a 14-year-old girl in Birmingham.