Series of single-phase Ni_1−xZn_xFe₂O₄ (x=0.20, 0.35, 0.50 and 0.60) nanopowders with average particle size of ∼35nm have been synthesized by using oxalate based precursor method. Precursor powders were synthesized by reacting aqueous solutions of metal nitrates and oxalic acid by using different total metal ions: oxalic acid molar ratios and then evaporating them to dryness. Pure, single-phase Ni–Zn ferrite nanopowder was formed by calcining the precursor with total metal ion: oxalic acid ratio of 1:0.125 at a temperature of 850°C. The synthesized nanopowders were characterized by using X-ray diffraction, Thermo-gravimetric and Differential Scanning Calorimetric analysis, Transmission Electron Microscope and Scanning Electron Microscope. Room temperature DC resistivity of the nanopowders was measured with respect to temperature by the two-probe method and was of the order of ∼10⁷Ωcm. Room temperature saturation magnetization was measured by using Vibrating Sample Magnetometer and it varied between 34–49emu/g depending on the composition. This aqueous solution based method provides a simple and cost-effective route to synthesize single phase, Ni–Zn ferrite nanopowders.