The seventh and eighth virial coefficients for hard hyperspheres are calculated by Monte Carlo techniques. It is found that B(7)/B(2) (6)=0.001 43+/-0.000 13 and 0.000 44+/-0.000 12 in four and five dimensions, respectively, and that B(8)/B(2) (7)=0.000 414+/-0.000 20 in four dimensions. These values are used to investigate various proposed equations of state. Comparisons against the molecular dynamics calculations of Luban and Michels show that their proposed semiempirical form is excellent at higher densities. Moreover, we confirm Santos observation in five dimensions that a suitable linear combination of the Percus-Yevick compressibility and virial equations of state fits the molecular dynamics data nearly as well as any other proposed form.