Superparamagnetic ZnxFe3−xO4 magnetic nanoparticles (0 ≤ x < 0.5) with spherical shapes of 16 nm average diameter and different zinc doping level have been successfully synthesized by co-precipitation method. The homogeneous zinc substitution of iron cations into the magnetite crystalline structure has led to an increase in the saturation magnetization of nanoparticles up to 120 Am2/kg for x ~ 0.3. The specific absorption rate (SAR) values increased considerably when x is varied between 0 and 0.3 and then decreased for x ~ 0.5. The SAR values are reduced upon the immobilization of the nanoparticles in a solid matrix being significantly increased by a pre-alignment step in a uniform static magnetic field before immobilization. The SAR values displayed a quadratic dependence on the alternating magnetic field amplitude (H) up to 35 kA/m. Above this value, a clear saturation effect of SAR was observed that was successfully described qualitatively and quantitatively by considering the non-linear field’s effects and the magnetic field dependence of both Brown and Neel relaxation times. The Neel relaxation time depends more steeply on H as compared with the Brown relaxation time, and the magnetization relaxation might be dominated by the Neel mechanism, even for nanoparticles with large diameter.