Reliable three-dimensional models of woven fabric composites had scarcely been proposed for their geometric complexity. Simplified models, mostly one- or two-dimensional, currently used are not considered effective enough because of their oversimplifications. In this paper, the equivalent thermal conductivities and elasticity properties of woven fabric composites are computed using homogenization technique. The computational results show that the strength and thermal conductivity linearly increase with fiber volume fraction and that the variations of undulation of fibers has little effect on equivalent material properties. Homogenization technique is proved useful in the study of woven fabric composites and may find a lot more applications in the area.