Here is the result of our investigation.
Graphing
Clearly, 5 digit combinations have many more google search results than 4 letter combinations. Although google search results are only one element of the indicators of a domain name's potential value, the huge disparity is significant, and may suggest that the current market either over-values LLLL.com's or (more likely) significantly undervalues NNNNN.com's.
To reach this result, we tested 40 random combinations (20 numbers, 20 letters), and here are the results we received.
Random Numbers
| 13055 | 9,030,000 |
| 56182 | 8,080,000 |
| 92256 | 4,040,000 |
| 59005 | 10,800,000 |
| 22095 | 10,900,000 |
| 23896 | 4,510,000 |
| 90537 | 921,000 |
| 54881 | 9,050,000 |
| 74849 | 4,390,000 |
| 61094 | 6,570,000 |
| 69459 | 4,560,000 |
| 91895 | 2,730,000 |
| 67373 | 992,000 |
| 05753 | 5,080,000 |
| 53690 | 8,910,000 |
| 97215 | 25,800,000 |
| 79836 | 5,450,000 |
| 99662 | 476,000 |
| 60130 | 3,700,000 |
| 81103 | 4,410,000 |
| Median | 4,820,000 |
Random Letters:
| IGLK | 283,000 | |
| VYUL | 214,000 | |
| GRXA | 237,000 | |
| JWNS | 82,500 | |
| LAIE | 13,500,000 | |
| QWHE | 276,000 | |
| OWKE | 236,000 | |
| DIJI | 2,430,000 | |
| BZFO | 235,000 | |
| BNSG | 110,000 | |
| QTNJ | 225,000 | |
| HEUR | 5,270,000 | |
| AOXM | 172,000 | |
| AHIO | 786,000 | |
| UKOZ | 1,170,000 | |
| YEGF | 842,000 | |
| UKKQ | 861,000 | |
| VDOY | 929,000 | |
| GJQQ | 205,000 | |
| HBFV | 184,000 | |
| Median | 256,500 |
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