Maleated polyethylene (MAPE)/Ground tire rubber (GTR) thermoplastic elastomer with 50 vol % GTR was reinforced by incorporation of talc powder and wood flour. Scanning electron microscopy (SEM) reveals that maleated polyethylene (MAPE) has good compatibility with wood flour, but the adhesion with talc particles is weak. Tensile moduli of MAPE/GTR increase more significantly after inclusion of talc particles compared to wood flour. Prediction of the tensile modulus of hybrid MAPE/GTR/particle composites is successfully performed using a combination of Kerner and Halpin-Tsai models. Elastic moduli are shown to depend strongly on both aspect ratio and level of particle dispersion in the matrix. Measurement of compression sets shows that elastic recovery of the compounds decreases after addition of solid particles. Samples having better particles/matrix compatibility show higher elastic recovery. Thermogravimetric analysis shows that inclusion of wood flour decreases thermal stability of compounds. Density and hardness of MAPE/GTR are also shown to increase after inclusion of particulate reinforcements. © 2013 Wiley Periodicals, Inc. J. Appl. Polym. Sci. 2014, 131, 40195.