Mn_0.5Co_0.5Fe₂O₄ nanosized ferrites have been made directly from MnFe₂O₄ and CoFe₂O₄ ferrites and from metal oxides by using high-energy ball milling. Single-phase formation and microstructure of the as-milled samples and samples annealed at 100, 200, 300, 400 and 500 ^∘C under argon atmosphere were studied using powder X-ray diffraction (XRD) and transmission electron microscopy (TEM). The average grain sizes were estimated from XRD measurements and found to be between 7 and 11 nm. The microstrain for each sample was relieved by annealing due to crystallite growth. Room temperature magnetic properties were investigated by zero-field ⁵⁷Fe Mössbauer spectroscopy and vibrating sample magnetometer (VSM). Saturation magnetizations of the samples were estimated using the empirical law of approach to saturation. The variation of coercive field, saturation magnetization, maximum magnetization and remanent magnetization for each sample was found to depend on the annealing temperature. The coercive fields are observed to increase with increased annealing temperature (from about 300 Oe for the as-milled samples to about 1000 Oe for samples annealed at 500 ^∘C) which we attribute to increases in grain sizes.