In iOS 7 to access Text Field you have to reiterate on level more. Change your code like this
for (UIView *subView in self.searchBar.subviews)
{
    for (UIView *secondLevelSubview in subView.subviews){
        if ([secondLevelSubview isKindOfClass:[UITextField class]])
        {
            UITextField *searchBarTextField = (UITextField *)secondLevelSubview;
            //set font color here
            searchBarTextField.textColor = [UIColor blackColor];
            break;
        }
    }
}
Note : This is Not Public API
OR
You can use appearance Property of UIControls, Like
[[UITextField appearanceWhenContainedIn:[UISearchBar class], nil] setDefaultTextAttributes:@{NSForegroundColorAttributeName:[UIColor redColor]}];
Note: Appearance proxy can be used for iOS 9.0+
OutPut

You can set The tintcolor to apply to key elements in the search bar.
Use tintColor to tint foreground elements.
Use barTintColor to tint the bar background.
In iOS v7.0, all subclasses of UIView derive their behavior for tintColor from the base class. See the discussion of tintColor at the UIView level for more information.
Apple Doc