diff --git a/cmake/HPX_SetupBoost.cmake b/cmake/HPX_SetupBoost.cmake
index 05f5cfcd561..261cb6630c7 100644
--- a/cmake/HPX_SetupBoost.cmake
+++ b/cmake/HPX_SetupBoost.cmake
@@ -82,15 +82,16 @@ if(NOT TARGET hpx_dependencies_boost)
     unset(BOOST_ROOT CACHE)
   endif()
 
-  if(NOT HPX_WITH_FETCH_BOOST)
+  if((NOT HPX_WITH_FETCH_BOOST) OR HPX_FIND_PACKAGE)
+
     set(Boost_MINIMUM_VERSION
         "1.71"
         CACHE INTERNAL "1.71" FORCE
     )
 
     find_package(
-      Boost ${Boost_MINIMUM_VERSION} NO_POLICY_SCOPE MODULE REQUIRED
-      COMPONENTS ${__boost_libraries}
+      Boost ${Boost_MINIMUM_VERSION} NO_POLICY_SCOPE REQUIRED
+      COMPONENTS ${__boost_libraries} HINTS ${HPX_BOOST_ROOT}
     )
 
     add_library(hpx_dependencies_boost INTERFACE IMPORTED)
@@ -104,29 +105,26 @@ if(NOT TARGET hpx_dependencies_boost)
     endforeach()
 
   elseif(NOT TARGET Boost::boost AND NOT HPX_FIND_PACKAGE)
-    # set(HPX_WITH_BOOST_VERSION "1.84.0")
-    # hpx_info(
-    #   "HPX_WITH_FETCH_BOOST=${HPX_WITH_FETCH_BOOST}, Boost v${HPX_WITH_BOOST_VERSION} will be fetched using CMake's FetchContent"
-    # )
+    # Fetch Boost using CMake's FetchContent
+
+    if(NOT HPX_WITH_BOOST_VERSION)
+      set(HPX_WITH_BOOST_VERSION "1.86.0")
+    endif()
+
+    hpx_info(
+      "HPX_WITH_FETCH_BOOST=${HPX_WITH_FETCH_BOOST}, Boost v${HPX_WITH_BOOST_VERSION} will be fetched using CMake's FetchContent"
+    )
+
     include(FetchContent)
     fetchcontent_declare(
       Boost
-      URL https://github.com/boostorg/boost/releases/download/boost-1.85.0/boost-1.85.0-cmake.tar.gz
+      URL https://github.com/boostorg/boost/releases/download/boost-${HPX_WITH_BOOST_VERSION}/boost-${HPX_WITH_BOOST_VERSION}-cmake.tar.xz
       TLS_VERIFY true
       DOWNLOAD_EXTRACT_TIMESTAMP true
     )
 
-    set(BOOST_INCLUDE_LIBRARIES ${__boost_libraries})
-    set(BOOST_SKIP_INSTALL_RULES OFF)
-
-    # Use Populate + add_subdirectory instead of MakeAvailable, as we need
-    # EXCLUDE_FROM_ALL so that we only configure the boost libraries we need
-    fetchcontent_getproperties(Boost)
-    if(NOT boost_POPULATED)
-      fetchcontent_populate(Boost)
-      add_subdirectory(${boost_SOURCE_DIR} ${boost_BINARY_DIR} EXCLUDE_FROM_ALL)
-    endif()
-
+    # Need to explicitly list header-only dependencies, since Cmake-Boost has
+    # installs each library's headers individually, as opposed to b2-built Boost.
     set(__boost_libraries
         ${__boost_libraries}
         accumulators
@@ -145,12 +143,18 @@ if(NOT TARGET hpx_dependencies_boost)
         spirit
         variant
     )
+
+    set(BOOST_INCLUDE_LIBRARIES ${__boost_libraries})
+    set(BOOST_SKIP_INSTALL_RULES OFF)
+
+    fetchcontent_makeavailable(Boost)
+
+    add_library(hpx_dependencies_boost INTERFACE)
+
     list(TRANSFORM __boost_libraries
          PREPEND "boost_" OUTPUT_VARIABLE __boost_libraries_prefixed
     )
 
-    add_library(hpx_dependencies_boost INTERFACE)
-
     target_link_libraries(
       hpx_dependencies_boost INTERFACE ${__boost_libraries_prefixed}
     )
@@ -164,15 +168,13 @@ if(NOT TARGET hpx_dependencies_boost)
     install(
       EXPORT HPXBoostTarget
       FILE HPXBoostTarget.cmake
-      NAMESPACE Boost::
       DESTINATION ${CMAKE_INSTALL_LIBDIR}/cmake/${HPX_PACKAGE_NAME}
     )
 
     export(
-        TARGETS hpx_dependencies_boost
-        NAMESPACE Boost::
-        FILE "${CMAKE_CURRENT_BINARY_DIR}/lib/cmake/${HPX_PACKAGE_NAME}/HPXBoostTarget.cmake"
-      )
+      TARGETS hpx_dependencies_boost
+      FILE "${CMAKE_CURRENT_BINARY_DIR}/lib/cmake/${HPX_PACKAGE_NAME}/HPXBoostTarget.cmake"
+    )
 
   endif()
 
diff --git a/cmake/templates/HPXConfig.cmake.in b/cmake/templates/HPXConfig.cmake.in
index 3c5161690bd..ba64cfb6c96 100644
--- a/cmake/templates/HPXConfig.cmake.in
+++ b/cmake/templates/HPXConfig.cmake.in
@@ -91,6 +91,26 @@ if("${HPX_WITH_DATAPAR_BACKEND}" STREQUAL "SVE")
   endif()
 endif()
 
+if(HPX_WITH_FETCH_BOOST)
+  # Boost has been installed alongside HPX
+  # Let HPX_SetupBoost find it
+  set(HPX_BOOST_ROOT "${CMAKE_CURRENT_LIST_DIR}/../")
+  include(HPX_SetupBoost)
+  include(HPX_SetupBoostFilesystem)
+  include(HPX_SetupBoostIostreams)
+else()
+  # Boost Separate boost targets to be unarily linked to some modules
+  set(HPX_BOOST_ROOT "@Boost_ROOT@")
+  # By default Boost_ROOT is set to HPX_BOOST_ROOT (not necessary for PAPI or
+  # HWLOC cause we are specifying HPX_<lib>_ROOT as an HINT to find_package)
+  if(NOT Boost_ROOT AND NOT "$ENV{BOOST_ROOT}")
+  set(Boost_ROOT ${HPX_BOOST_ROOT})
+  endif()
+  include(HPX_SetupBoost)
+  include(HPX_SetupBoostFilesystem)
+  include(HPX_SetupBoostIostreams)
+endif()
+
 include("${CMAKE_CURRENT_LIST_DIR}/HPXInternalTargets.cmake")
 include("${CMAKE_CURRENT_LIST_DIR}/HPXTargets.cmake")
 
@@ -156,17 +176,6 @@ include(HPX_SetupAllocator)
 
 include(HPX_SetupThreads)
 
-# Boost Separate boost targets to be unarily linked to some modules
-set(HPX_BOOST_ROOT "@Boost_ROOT@")
-# By default Boost_ROOT is set to HPX_BOOST_ROOT (not necessary for PAPI or
-# HWLOC cause we are specifying HPX_<lib>_ROOT as an HINT to find_package)
-if(NOT Boost_ROOT AND NOT "$ENV{BOOST_ROOT}")
-  set(Boost_ROOT ${HPX_BOOST_ROOT})
-endif()
-include(HPX_SetupBoost)
-include(HPX_SetupBoostFilesystem)
-include(HPX_SetupBoostIostreams)
-
 # HIP
 include(HPX_SetupHIP)
 
diff --git a/cmake/templates/HPXMacros.cmake.in b/cmake/templates/HPXMacros.cmake.in
index a3dd7a5f8e1..518aced7c4f 100644
--- a/cmake/templates/HPXMacros.cmake.in
+++ b/cmake/templates/HPXMacros.cmake.in
@@ -88,7 +88,7 @@ function(hpx_check_compiler_compatibility)
 endfunction()
 
 function(hpx_check_boost_compatibility)
-  if(HPX_IGNORE_BOOST_COMPATIBILITY)
+  if(HPX_IGNORE_BOOST_COMPATIBILITY OR HPX_WITH_FETCH_BOOST)
     return()
   endif()
   if(NOT DEFINED Boost_ROOT)