Zn-ferrite is a versatile material among spinels owing to its physicochemical properties, as demonstrated in rich phase diagrams, with several conductive or magnetic behaviors dictated by its cation inversion. The strength and the type of cation inversion can be manipulated through the various thermal treatment conditions. In this study, inverted Zn-ferrite thin films prepared from radio frequency magnetron sputtering were subjected to different in situ (in vacuum) and ex situ (in air) annealing treatments. The temperature and field dependence of magnetization behaviors reveal multiple magnetic interactions compared to its bulk antiferromagnet behavior. Using the magnetic component model, the different magnetic interactions can be explained in terms of superparamagnetic (SPM), paramagnetic (PM), and ferrimagnetic (FM) contributions. At low temperatures, the SPM and FM contributions can be approximated to the hard and soft ferrimagnetic phases of Zn-ferrite, respectively, which changes with the annealing temperature and sputter power. Distinct magnetic properties emanating from in situ annealing compared to the ex situ annealing were ascribed to the nonzero Fe²⁺/Fe³⁺ ratio, leading to the different magnetic interactions. The anisotropy was found to be the key parameter that governs the behavior of annealed in situ samples.