Academy Awards
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1986 | Academy of Motion Picture Arts and Sciences | Best Supporting Actor | Dennis Hopper | Nominated |
| 1986 | Academy of Motion Picture Arts and Sciences | Best Score | Jerry Goldsmith | Nominated |
Golden Globes
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1986 | Hollywood Foreign Press Association | Best Performance by an Actor in a Supporting Role in a Motion Picture | Dennis Hopper | Nominated |
Independent Spirit Awards
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1986 | Independent Spirit Awards | Best First Feature | David Anspaugh | Nominated |
Library of Congress
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 2001 | Library of Congress | U.S. National Film Registry | Won |
Los Angeles Film Critics Association
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1985 | Los Angeles Film Critics Association | Best Supporting Actor | Dennis Hopper | Won |

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