We have investigated strain mediated magnetoelectric (ME) coupling and impedance properties in 0.5Zn[Formula: see text]Ni[Formula: see text]Fe2O4–0.5HoMnO3 nanocomposites at room-temperature. The ME voltage is measured in both longitudinal and transverse direction at a frequency of 173 Hz. The impedance, real and imaginary parts of impedance and dielectric constant have been carried out in presence of DC magnetic field. With the application of magnetic field, slight decrease in dielectric constant has been observed. The impedance, real and imaginary parts of impedance are found to increase with the increase in the applied magnetic field. Nyquist plots have been fitted using three parallel combinations of resistances–capacitance circuits. Fitted parameters show the dominant role of grain boundaries, grains and interface of two types of grains of the sample.