Sparse representation of images using learned dictionaries have been shown to work well for applications like image denoising, impainting, image compression, etc. In this paper dictionary properties are reviewed from a theoretical approach, and experimental results for learned dictionaries are presented. The main dictionary properties are the upper and lower frame (dictionary) bounds, and (mutual) coherence properties based on the angle between dictionary atoms. Both ℓ0 sparsity and ℓ1 sparsity are considered by using a matching pursuit method, order recursive matching Pursuit (ORMP), and a basis pursuit method, i.e. LARS or Lasso. For dictionary learning the following methods are considered: Iterative least squares (ILS-DLA or MOD), recursive least squares (RLS-DLA), K-SVD and online dictionary learning (ODL). Finally, it is shown how these properties relate to an image compression example.