In recent years, the widespread use of wood products has been observed in many fields. Wooden products have excellent green and environmentally friendly characteristics, but their performance often cannot meet people's needs. Many researchers have conducted in-depth research on wood-based composite materials and their modification methods in order to improve the performance of wood. This article provides a selective review of the types, modification methods, and properties of inorganic modifiers. The preparation methods are mainly divided into immersion methods, sol-gel methods, and hydrothermal synthesis. The flame retardancy, mechanical properties, hydrophobicity, and mold resistance of modified wood have been effectively improved. In addition, modified wood also has photoresponsive properties, electrical conductivity, and thermal conductivity. Finally, the challenges and perspectives on advanced wood-inorganic composites have been proposed for guiding future studies.