VO2 undergoes a metal‐insulator transition (MIT) at ≈70 °C, which induces large variations in its electrical and wavelength‐dependent optical properties. These features make VO2 a highly sought‐after compound for optical, thermal, and neuromorphic applications. To foster the development of VO2‐based devices for the microelectronic industry, it is also imperative to integrate VO2 on silicon. However, high lattice mismatch and the formation of silicates at the interface between VO2 and Si degrade the quality and functionality of VO2 films. Moreover, VO2's polymorphic nature and stable VO phases pose integration issues. To address these challenges, the MIT of VO2 thin films integrated on Si with a complementary metal‐oxide semiconductor‐compatible HfxZr1−xO2 (HZO) buffer layer is investigated. Using in situ high‐resolution X‐ray diffraction and synchrotron far‐infrared spectroscopy, combined with multiscale atomic and electronic structure characterizations, it is demonstrated that VO2 on the HZO buffer layer exhibits an unusually low thermal hysteresis of ≈4 °C. In these results, the influence of strain on M2 phase nucleation, which controls the hysteresis, is unraveled. Notably, the rate of phase transition is symmetric and does not change for the heating and cooling cycles, implying no incorporation of defects during cycling, and highlighting the potential of an HZO buffer layer for reliable operation of VO2‐based devices.